The rate of bitcoin is decreasing during three days. But experts feel optimist concerning situation.
As Tom Lee, analyst from Wall Street and co-founder of Fundstrat Global Advisors, said, he optimistically considers the perspectives of bitcoin growth in May. Next week, from 14 to 17 of May, the annual cryptocurrency conference Consensus will take place. Tom Lee is sure that this conference will be the push for bitcoin and make it grow, as Bloomberg informs. The rate of bitcoin traditionally increases during this event. Relatively low price of the first cryptocurrency this year will be the guarantee of the growth.
The Consensus conference is organized in the fourth time. It is expected that this year it will attract about 7000 followers of digital currency. This number is thrice as much as in the previous year. According to Tom Lee, in previous years this event was coincident with the growth of bitcoin price from 10 to 70 percents.
Last year, for example, the cost of bitcoin increased for 138% in the day of opening ceremony. If the analysis of Tom Lee is confirmed, bitcoin will return to the rate of 15 000 dollars. And may be, the first cryptocurrency will reach maximum again.