RATE Group | India’s Largest Blockchain Conference a Positive Sign for Bitcoin, CEO Says
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India’s Largest Blockchain Conference a Positive Sign for Bitcoin, CEO Says

India’s Largest Blockchain Conference a Positive Sign for Bitcoin, CEO Says

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With over 200 government attendees and 5,000 registered, India hosted the country’s largest blockchain conference at the beginning of August. According to the CEO of the company co-hosting the event, this is a major signal that governments are embracing further blockchain adoption. 


Only a ‘Few Triggers’

Bitcoin (BTC) 00 continues to trade in the green, marking a substantial increase upwards of 15 percent in the last two weeks.

 Bitcoin (BTC) <span class="coin-price-shortcode" data-coin-price-coin="bitcoin"><span class="price-usd">0</span><span class="change">0</span></span> continues to trade in the green, marking a substantial increase upwards of 15 percent in the last two weeks.

The adoption of cryptocurrencies and their underlying technology is only growing wider. This is according to Abhishek Pitti, CEO of Nucleus Vision – the co-host of the International Blockchain Congress held in Hyderabad and Goa at the beginning of August.

Speaking on the matter, the executive noted:

It only needs a few triggers globally to bring the market back up. […] What happened in India is giving everybody this huge signal that the governments are supporting the blockchain applications. The crypto markets are just following signals that…

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