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Bitcoin Policy Summit 2023: Will BTC Surge After 26 April?

Pathik Bhattacharya
Pathik Bhattacharya
Published on April 26, 2023 03:50 PM

Bitcoin prices sees an uptick as Bitcoin policy summit goes live on Wednesday. A 4% hike in price after BTC experienced a sudden price decline consecutively for two days.

bitcoin policy summit 2023
Source: Btcpolicysummit.org

Bitcoin Policy Summit, an approach towards the broader acceptance of Bitcoin in the US will soon go live Today as a part of Bitcoin awareness. The one-day, invite-only policy conference exploring Bitcoin as a strategic opportunity for the United States will mark a new feat for Bitcoin and the people following it. 

At the Bitcoin policy summit, experts are aiming to shed light on the untold stories of Bitcoin, highlighting how it could benefit the United States. Despite negative news surrounding the cryptocurrency, the conference will discuss how Bitcoin can be leveraged as a human rights tool, a strategic asset for achieving geopolitical goals, and a unique stabilizer of energy grids.

By separating fact from fiction and situating Bitcoin in serious policy discussions, policymakers can work to maximize its benefits while minimizing its risks. 

Bitcoin Policy Summit 2023 Speakers

Many Bitcoin enthusiasts and notable speakers are attending the conference as a part of the Bitcoin policy summit 2023. The event will cover most of the unanswered questions and topics which will bring Bitcoin into mainstream media and general citizens' notice. Additionally, the summit's other moto is to scatter the word and the use case of decentralisation as well as cryptocurrency.

This year's Bitcoin Policy Summit will bring together the most prominent speakers and advocates of Bitcoin in Washington, DC, to debate urgent issues like national security, energy infrastructure, global competitiveness, and financial inclusion.

Cynthia Lummis, US Senator, Founder of the Financial Innovation Caucus / Tom Emmer, US House Representative, House Majority Whip / Matthew Pines, Director of Intelligence, Krebs Stamos / Jack Mallers, CEO, Strike / Donna Redel, Adjunct Professor, Fordham Law School / Elijah Bowdre, Chairman, Miami-Dade Cryptocurrency Task Force / Margot Paez, Civil Engineering PhD Candidate, Georgia Institute are some of the notable speakers who will be present at the event.

Bitcoin Policy Summit Time Schedule

TIME MORNING EVENT TIME AFTERNOON EVENT
7:30 AM 🍳 REGISTRATION + BREAKFAST 🥐 12:45 PM ğŸŽ¤ PRESENTATIONS: "Three Perspectives on Central Bank Digital Currencies" 💰
8:30 AM ğŸŽ¤ OPENING REMARKS ğŸŽ¬ 1:35 PM ğŸŽ¤ FEATURED KEYNOTE: Jack Mallers on the Lightning Network ⚡
8:35 AM ğŸŽ™ï¸ PANEL: "What Makes Bitcoin Unique Among Cryptocurrencies" 🤔 2:00 PM ğŸŽ™ï¸ PANEL: "Bitcoin and Public Policy: Legislation" 🏛️
9:15 AM ğŸŽ™ï¸ PANEL: "Bitcoin Mining: Separating Fact From Fiction" ⛏️ 2:35 PM ☕ COFFEE AND NETWORKING 🤝
9:55 AM ☕ COFFEE AND NETWORKING 🤝 3:40 PM ğŸŽ™ï¸ PANEL: "Bitcoin and Public Policy: Regulation" 📈
10:25 AM ğŸŽ™ï¸ PANEL: "How Bitcoin Protects Human Rights" ✊ 4:20 PM ğŸŽ™ï¸ PANEL: "Bitcoin and Financial Inclusion" 💳
11:10 AM ğŸŽ™ï¸ PANEL: "Assessing Bitcoin's Impact on US National Security" 🛡️ 4:20 PM ğŸŽ¤ FIRESIDE CHAT ğŸŽ¬
11:50 AM 🍴 LUNCH + BRIEF REMARKS 🗣️ 4:45 PM ğŸŽ¤ CLOSING REMARKS ğŸŽ¬
12:30 PM ğŸŽ¤ PRESENTATION (DURING LUNCH) ğŸŽ¬ 5:00 PM 🍻 CLOSING RECEPTION Happy Hour & Heavy Hor D'oeuvres 🍸
    7:00 PM ğŸŽ‰ EVENT ENDS ğŸŽŠ

Bitcoin Onchain Analysis

Bitcoin is making waves of convulsions as BTC just ended the year beginning a bull run and now mostly consolidating. The current price of bitcoin is $28,685.68, with a 24-hour trading volume of $19,439,246,687. As the Bitcoin policy summit news surrounded the market, Bitcoin has increased by 4.86% in the previous 24 hours. BTC's current market capitalization is $555,257,767,402. 

The word of the town is right now driving the prices and BTC has started surging right after touching the consolidating pattern. One of the key on-chain data of Bitcoin which is the Active Address Sentiment Indicator (AASI) is showing a positive sign for short-term price upsurge. The chart indicates the whether the Bitcoin prices are overvalued or undervalued depending upon the Green and Red bands as shown in the graph.

Right now, Bitcoin's AASI is between the Upper and lower boundary and could be seen rising. Historically, whenever the 28-day active address percentage declines and attains a negative value and the 28-day price change acquires a positive percentage value, the Bitcoin value tends to increase further and vice versa. 

At the press time, the AASI shows that the 28 days active address is at -7.19% and the 28 days price change rate is at 4.00%.

bitcoin aasi indicator chart

Source: Lookintobitcoin

 
About Bitcoin Policy Institute

The Bitcoin Policy Institute (BPI) is a non-profit think tank that studies the effects of Bitcoin and other developing monetary networks. BPI, a 501(c)3, provides educational tools to policymakers while enabling Fellows from throughout the country to undertake unique academic research on Bitcoin and technology-related topics.

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