The coronavirus first jumped into the mainstream in early January, right about the time that bitcoin was starting to catch a bid.
No one could say for certain that the two were related, but there was plenty of circumstantial evidence to suspect that the fear surrounding the coronavirus was helping to push bitcoin prices higher.
The safe haven selling point of bitcoin was said to be in full effect.
Fast forward a few weeks and what was initially positive for bitcoin may soon start to be negative for the rest of crypto.
Due to the spread of the coronavirus many Asian based crypto conferences are being forced to postpone..
The latest being TOKEN2049.
TOKEN2049 is major crypto event held annually in Hong Kong.
It was originally scheduled for March 2020, but will now instead be taking place on October 7-8, 2020.
The announcement can be seen here:
“Over the past weeks, we have been monitoring the global developments around the coronavirus closely. Whilst Hong Kong is managing the situation well and has taken strict precautions to contain any potential impact, uncertainty prevails.”
(Source: https://medium.com/@TOKEN2049/new-dates-for-token2049-393542851bff)
They weren't the only ones to postpone.
Binance Blockchain Week Vietnam and Hong Kong Blockchain Week 2020 were also put on hold.
This coming from Binance:
“We sincerely apologize for the inconvenience caused by the delay. If you have registered for the Binance Blockchain Week, you can get a full refund through the event registration platform [...] We will inform everyone soon regarding further updates on this event.”
(Source: https://www.binance.com/en/blog/421499824684900390/Postponing-Binance-Blockchain-Week-Vietnam)
Neither has announced a new date as of yet, but they project to reschedule at some point later this year.
It remains to be seen whether the virus will actually start to impact prices in a negative way, but the postponing/cancelling of crypto conferences is the first step in things moving in that direction.
For all involved, hopefully this is something they can get a handle on quickly before it causes any more harm than it already has.
Stay informed my friends.
Image Source:
-Doc
