Will there be a bull market after Consensus ends its last carnival?

On June 12, the "Consensus 2022" conference hosted by CoinDesk officially came to an end in Austin, Texas.

After the annual Miami Bitcoin Conference ended, Consensus became the last large-scale offline carnival in the blockchain industry. It started at the Consensus Consensus Conference in 2015, because Bitcoin achieved a large increase before and during the Consensus Conference in 2015, 2016, 2017, 2019, 2020 and 2021, and was once known as the "encryption industry wind vane".

Unfortunately, when tens of thousands of blockchain practitioners from all over the world gathered in Austin to discuss the future of the industry, BTC fell below $27,000, and the price of ETH quietly fell below $1,500, hitting new lows since 2021. .

In 2017, after the Consensus conference, Bitcoin reached a height of $20,000. Many people believed that the Consensus conference was the beginning of the 2017 bull market; in 2020, after the Consensus conference ended, the encryption industry directly started a wave of bull market ; Until 2021, after the Consensus conference, Bitcoin has reached a historic height of $69,000.

2022 is different from the past. In an environment where the global economy, including cryptocurrencies, is facing downward pressure, few people discuss whether Consensus 2022 will bring a magical rise. According to the Hoo Exchange website market, on June 12, BTC fell below 26,000 US dollars, and the Consensus weather vane failed.

After Consensus ends, the blockchain offline carnival will also come to an end. Will the market usher in a rebound? Many analysts said that with the continuation of the Russia-Uzbekistan war and the turmoil in the traditional stock market, cryptocurrency is increasingly seen as a potential investment allocation, and the Consensus conference has created an excellent opportunity for the industry to attract the attention of investors from all walks of life. Chances are, once consensus is reached, new external funds will enter the crypto market.

The market needs a new round of innovation, creating a new financial paradigm, and expanding the application scenarios based on blockchain technology and cryptocurrency. Like the DeFi and NFT that broke out in 2020, a new value creation scenario will lead another group of new users to join Crypto industry. And this, in addition to the normal financial and economic change cycle, requires the current web3 practitioners to be transferred outside the market to do a good job in product and value empowerment innovation. (Golden Finance)