Consensus 2018 Pulls In Over $17 Million in Ticket Sales For New York Crypto Conference
At nearly $2,000 a ticket – in combination with more than 8,500 attendees, the size of New York’s cryptocurrency conference “Consensus 2018” is more than three times that of what it once was. The conference is put on by cryptocurrency specialist CoinDesk and utilizes the underlying blockchain technology. With the grow of the cryptocurrency giant, the conference was able to pull in more than $17million in ticket sales in this year alone.
Final attendee count for #Consensus2018: ~8,500
— Barry Silbert (@barrysilbert) May 14, 2018
Ronnie Moas, head of the independent market research firm places it as a chaotic conference. Pointing out the possibility of them selling them way too many tickets. When the three-day conference ignited, the crowd at New York’s Hilton Midtown was so big it took one of the CNBC reporters more than an hour to get her entrance badge.
The industry exploded after a massive surge by Bitcoin that happened late 2017. The massive surge of the cryptocurrency created a spike in conference attendees more than three times of what it had been in the past.
Outside of exchanges and trading businesses, #Consensus2018 generated more revenue than the entire Crypto industry last month 😂😂😂
— Vinny Lingham (@VinnyLingham) May 14, 2018
This year, 2018 – the crowd at CoinDesk’s Consensus this week in New York City is numbering in at more than 8,500 people. This is according to the numbers given by Barry Silbert, CEO,, founder and parent of the Digital Currency Group.
8,500 is more than three times of what it was back in May of 2017. At around $2,000 a ticket, that’s more than seventeen million dollars in sales for tickets this year alone. Anyone who tried to get in last minute was looking at paying around $3,000 a head. But also note that many of the people who bought early (at 2017 event) or the months leading up to it likely only paid $1,000 – $1,400 on average per ticket.
Looking back at the years, in 2015 the number was 400. In 2016 attendee numbers climbed to 1,400 and in 2017 it came in at about 2,700. Finally, this year in 2018 the number climbed up to more than 8,500 cryptocurrency specialists/enthusiasts who are attending from all over the world.
Ready for day 2?
— CoinDesk (@coindesk) May 15, 2018
It’s like nothing anyone has ever seen before according to Jeff Denton, senior director of global secure supply chain at AmerisourceBergen in Philadelphia. He alone had to wait in line for more than an hour, showing it doesn’t matter how important you are, the conference is packed for anyone.
It’s said to be expensive as well, but the conference is one of the largest in the US, so hopefully the value will still be delivered in relation to the cost. Denton also said that his company is extremely interested in blockchain technology and how it can be applied to health care once and for all.
The conference’s three-day stretch started on Monday morning, where the crowd was so big that it took one reporter 75 minutes to get to the badge entrance. The line reached all the way across the lobby at the Hilton and then continued onto an entirely different floor via an escalator.
“Whilst we apologize for any delays, Consensus 2018 has received overwhelming interest and is the largest blockchain-focused event ever held in the United States,” director of marketing at CoinDesk, Jackob Donnelly stated.
He also said, “We are working to reduce the wait time.”
During the conference of last year, Bitcoin accelerated its gains far higher than the expected top of $2,300. The cryptocurrency went on to top at more than nineteen thousand dollars in all actuality. That took only seven months for the climb to rise that high, since then it has lost more than half of its worth and recently was seen to trade at about $8,700 USD (Monday, May 14th, 2018).
This isn’t the only high entrance fee cryptocurrency event however, there are about 20 similar events happening all over the country. Most of them are scheduled around Consensus as a part of Blockchain Week, NYC. The major cryptocurrency event runs parallel with the NYCEDC or New York Economic Development Corporation.
“Everyone is here. A lot of the top 100 crypto names are here. The developers are here,” stated Ronnie Moas, who has predicted BTC will hit $28,000 USD each in value by the end of 2019. He paid just a dollar shy of his ticket for the Consensus event himself.
Oddly enough, with such a high ticket value they did not accept cryptocurrency payments for ticket sales to Consensus.
I’m surprised more people aren’t embarrassed to attend a “crypto currency” conference that doesn’t even sell their tickets for crypto. The CoinGeek HK conference did everything in BCH just like we’d expect from any real bitcoin supporter. pic.twitter.com/krJX3guiIH
— Roger Ver (@rogerkver) May 21, 2018
Of course this sparked a story from Roger Ver's camp coming fresh off of their hard fork and Hong Kong event.