Wednesday 30 December 2020

Bitcoin: What can we expect in Q1?

What does the price of Bitcoin have in store for us in Q1? In this video we take a look at what has happened over the last 10 years had you bought Bitcoin on January 1st. Only 2 of the 10 years had substantial gains in Q1. The price of Bitcoin went down 6 of the 10 years, and only slightly moved up by about 8% the other 2 years. While we all want the price of Bitcoin to move up like this forever, we need to recognize that if it does take a breather in Q1, it is more or less expected. If the price of Bitcoin continues to rally throughout the entirety of Q1, then this would be an outlier of the last 7 years. TA Video by Benjamin Cowen.

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