Bitcoin 2022 Conference is billed to be the biggest Bitcoin gathering to date. One of its side attractions will be the auctioning of the art collection of Ross Ulbricht, the computer scientist notorious for creating and operating the Silk Road website.
Ulbricht brings his advocacy initiative to Bitcoin 2022 conference
Ulbricht has announced today that the organizers of the conference which starts in about 10 days have agreed to feature his digital art creations. This is the second art auction he will be conducting; the first – called the Genesis Collection – was auctioned during Art Basel last December.
The initiative was originally intended to raise funds to contest his incarceration. However, this second sale will broaden the scope of the initiative. Ulbricht revealed that proceeds from this auction will also go to charities that help the families of incarcerated persons to visit them in prison.
We can look more broadly at making the whole system just, rather than focusing just on me…
And we are moving forward with the idea of helping kids travel to visit their moms and dads in prison,” he wrote.
Ulbricht is currently serving two life sentences without the possibility of parole plus 40 years and a $183,961,921 fine. He was convicted of several charges including conspiracy to commit money laundering and sell narcotics from 2011 to 2013.
The Bitcoin 2022 conference is presented by Cash App and will be held between April 6 to 9 in Miami. Already, around 400 speakers have been booked to appear during the event including El Salvador’s President Nayib Bukele, Michael Saylor – CEO of MicroStrategy, and US Senator, Cynthia Lummis.
The last edition of the conference had over 12,000 attendees and featured Bukele making the initial announcement that he would push El Salvador to adopt Bitcoin as legal tender.
Bitcoin trading in bullish territory
While activities ramp up for the conference, Bitcoin has been staging a price rally in the market. Bitcoin is trading at $47,600 on the day, up 6.65%. The benchmark crypto has scaled lows that it was trading, and is now up 2.81% year to date as the end of Q1 approaches.
Market sentiment has also recovered along with the price. The fear and greed index which measures market sentiment is currently in the greed region, at a reading of 60.
Bitcoin Fear and Greed Index is 60. Greed
Current price: $47,332 pic.twitter.com/DW3bdj8Ze7
— Bitcoin Fear and Greed Index (@BitcoinFear) March 28, 2022