Mubasher: A leading analyst expected on Thursday bitcoin to soar after trading above $9000 later in the day, as Blockchain Week, a major annual event for cryptocurrencies in New York City approaching.

The Blockchain event, which will start on 11 May, indicates also the upward trend of the cryptocurreny, Sluymer said, citing the value of the digital currency after the previous events.

Bitcoin surged each time after Consensus, a major part of Blockchain Week, recording a 23% increase in 2015, then up to 100% by the end of the year.

Meanwhile, it edged up 10% in 2016 after Consensus, while climbing by 80% throughout the year.

It is worth noting that the Blockchain will be attended by influential figures such as President of St. Louis Federal Reserve Bank James Bullard, European Parliament member Eva Kaili and Twitter’s CEO Jack Dorsey.

© Mubasher 2018