Bitcoin Hammered Below $109K as Conference Indicator Strikes Again

2 weeks ago

Historical information astir Bitcoin Magazine's yearly U.S. Bitcoin Conference has shown a wide pattern of mediocre terms show for bitcoin during and conscionable aft the event. The indicator didn't disappoint successful 2025, with bitcoin (BTC) struggling successful precocious May/early June alongside and past pursuing this year's Las Vegas conference.

The logic down that terms enactment isn't that hard to decipher: successful the weeks starring up to the show, league organizers — looking to merchantability tickets and make media sum — overhype the speakers and what are definite to beryllium "massive" announcements.

What follows is the accustomed formed of influencers, bitcoin OGs and newcomers to the assemblage (this twelvemonth the Trumps) extolling "freedom money," "massive organization and sovereign adoption," and "bitcoin to the moon."

How could the terms bash thing but dump?

Bitcoin Asia

For those not paying adjacent attention, Bitcoin Magazine's Bitcoin Asia conference took spot this week successful Hong Kong.

The featured speakers included Eric Trump, CZ, Adam Back, Balaji Srinivasan and David Bailey. Among the taxable substance covered — you guessed it — "freedom money," "massive organization and sovereign adoption," and "bitcoin to the moon."

The terms action: sharply lower.

At astir $115,000 arsenic attendees began arriving successful Hong Kong earlier this week, bitcoin has tumbled to the existent $108,400. This included astir a 4% dive overnight successful the U.S. (Friday successful Hong Kong) arsenic David Bailey and Eric Trump took the signifier for a chat titled "Bitcoin Takes Over the World."

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