Bitcoin is the Dominant Digital Commodity, Says Michael Saylor at Bitcoin 2023 Conference

The post Bitcoin is the Dominant Digital Commodity, Says Michael Saylor at Bitcoin 2023 Conference appeared first on Coinpedia Fintech News

The co-founder of MicroStrategy, Michael Saylor, stated at the Bitcoin Conference that Bitcoin is the dominant digital commodity. The Bitcoin Maxi addressed the fact that clarity is coming to the market and that clarity is that Bitcoin is the dominant digital commodity.

The Bitcoin 2023 conference that is happening in Miami Beach from May 18–20 is a conference where Bitcoin supporters and whales from around the globe come and share their views and have fun at the same time.

Some of the notable speakers at the event include Robert F. Kennedy Jr., Michael Lewis, Arthur Hayes, Michael Saylor, Jack Mallers, Zoltan Pozsar, Alex Gladstein, Stacy Herbert, Lyn Alden, Bill Miller IV, and many others.

What’s different about Bitcoin Conference 2023?

What was different about this year’s Bitcoin conference was the numbers. Some attendees noted a difference in the atmosphere compared to previous years, with a perceived decrease in excitement and noticeable vacant seats.

According to the event’s website, the conference focused on Bitcoin, the leading cryptocurrency, and drew around 35,000 participants last year. Prominent speakers, including NFL quarterback Aaron Rodgers and tennis legend Serena Williams, added to the event’s appeal.

The decrease in attendance at Bitcoin 2023 can be attributed to the significant drop in digital asset prices and recent incidents within the crypto industry that have caused concern among participants. As a result, the conference organizers are anticipating around 15,000 attendees.

Bitcoin price plummets

The Bitcoin Conference, which is held to educate, collaborate, and spread the word about Bitcoin, however, didn’t have a positive effect on BTC’s price.

The provided chart clearly displays notable price declines in Bitcoin subsequent to the previous conference. Specifically, the conference held in 2022 seemed to have a negative impact on the value of BTC. Following the event, the price of Bitcoin experienced a substantial decrease, dropping from approximately the $40,000 range to $19,000 within a span of a few weeks.

Bitcoin has dropped below $26,843 at press time, with a 2% drop in value over the last 24 hours.