Miami Kicks Off Bitcoin Conference As Crypto Could Profit From AMC Stock

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Last Updated on 4 June 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Miami is hosting some 20,000 people for a massive conference about Bitcoin. Known speakers are Twitter CEO Jack Dorsey, Ethereum founder Vitalik Buterin and skater Tony Hawk. It comes as Bitcoin looks ready to break through the $40k mark again (currently trading at $36k) and is riding a renewed wave of optimism apparently.

Vitalik Buterin, one of the best known faces of crypto, put a name tag just to be sure that people would recognize him.

Several altcoins were gaining traction because of that renewed optimism for crypto. In the past 24 hours, Filecoin rose 34% and Theta was up 18%.

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AMC Entertainment

Meanwhile, the US stock markets are experiencing a new Gamestop-like stock surge. AMC Entertainment, which owns mostly loss-making movie theaters has revived by the WallStreetBets crowd. In the past year, the stock crawled up almost 1,000% at a certain point. To such an extent that AMC themselves have warned about their stock price overheating.

As so-called meme-stocks (or stonks) are back for a second time, analyst predict that the social media frenzy could soon turn to crypto again. The Bitcoin advisory account remarked the move as well, stating that in the next few days, many expected altcoins to start pumping as well.

One commenter remarked that:

It might be like in last January. First, $GME and $AMC pumping… And then main cryptos + altcoins.

felixtm / Depositphotos.com