Published on May 14th, 2018 | by bitcoin0
Lambos Take Manhattan as Bitcoin Climbs from Three-Week Low
Lamborghinis, the flashy cars that symbolize conspicuous consumption among Bitcoin true-believers, roared through the streets near the Hilton Midtown, site of the Consensus 2018 conference.
Whether actual Bitcoin millionaires or hired marketeers, the drivers added to the cacophony and stoked hype for what the city’s calling Blockchain Week.
Bitcoin jumped as much as 3.95 percent to $8,713 in early trading, rebounding from a more than three-week low reached earlier Monday.
Consensus is expected to draw more 8,500, or twice as many people as last year, when one Bitcoin would have cost you about $2,500.
The conference could cause Bitcoin to rally, Thomas Lee, head of research at Fundstrat Global Advisors, predicted last week.