As per latest market research released by TradeBlock recently, despite existing bear market conditions, crypto conferences/events that took place this year were able to attract a record number of new people to this flourishing domain. In fact, except for December, the number of crypto events that took place in 2018 peaked during the months of October and November.
Despite the #crypto bear market during 2018, the number of industry related conferences did not see a steady decline in the latter half of the year. In the chart below, we track the number of conferences that occurred across the globe over the year. pic.twitter.com/vN6YJBBa3r
— TradeBlock (@TradeBlock) January 10, 2019
Crypto Conferences Going Strong
As many of our readers already know, the past 12 months or so have seen the value of premier assets such as BTC, ETH drop by more than 80%. However, despite this insane downtrend, the number of crypto-related events have continued to grow. To put things into perspective, around 105 conferences were held across November-December (2018) alone— which is a massive number to say the least.
Not only that, the month which showcased the most number of crypto events last year was May— during which high-profile conferences such as ‘Consensus’ and ‘Global Disruptive’ took place.
Other Key Data Worth Bearing in Mind
Even though the number of crypto oriented events reduced all through the summer, September once again saw nearly 40 conferences being held across the globe— including the World Blockchain Forum in London and Berlin’s Dezentral.
Also worth mentioning is the fact that a majority of the conferences that took place during the latter half of 2018 were focused on the topic of “crypto regulation”. In this regard, the Malta Blockchain Summit was able to draw in a whopping 8,000+ attendees while the Lisbon Web Summit was able to attract a mammoth 70,000 tech enthusiasts.
The Crypto Market is Doing Just Fine
Even though a whole host of mainstream media outlets have continually claimed that the altcoin market is “dead or in the process of dying out”, the industry as a whole seems to be surging like never before. For example, a normal ticket to a mass event such as Consensus or Web Summit requires people to shell out a hefty USD $2000. Thus, if this market was well and truly dying, the organizers of the aforementioned conferences would not be able to set their ticket prices so high.
In addition to all of this, many recent reports (such as the SFOX Volatility Study) seem to suggest that many new investors are keenly looking to enter this burgeoning market in 2019. To be even more specific, we can see that the above stated study reads as follows :
“While public discussion about crypto has waned since the start of the year, we’re seeing sustained interest at SFOX from institutional investors who want exposure to crypto.”
The start of 2019 has given many investors hope that BTC along with some of the other top-10 altcoins will continue to rise this year. Not only that, it also appears as though the use of blockchain tech will continue to grow in the coming few months— since companies such as Walmart have implemented blockchain-based scaling solutions to streamline their various supply-chain processes.