Sell Bitcoin In May And Go Away? Here's How How You Could Have Pocketed A 1,449% Cumulative Return
Portfolio Pulse from Khyathi Dalal
Nic Puckrin, co-founder of Coinbureau, analyzed Bitcoin's historical performance, revealing a 1,449% cumulative return from buying in October and selling in April over the past five years, compared to a 29% loss from buying in May and selling in September. He noted current market conditions, including low trading volume and volatility, less bullish institutional sentiment, and neutral Fear & Greed index. Puckrin also mentioned the potential impact of a $1.4 trillion liquidity injection from the Treasury General Account as theorized by Arthur Hayes. The future influence of Bitcoin as an institutional asset class will be discussed at Benzinga's Future of Digital Assets event.
May 06, 2024 | 6:40 pm
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NEUTRAL IMPACT
Bitcoin's historical performance shows significant seasonal trends, with a 1,449% return from an October-April buying-selling strategy. Current market conditions are less bullish, but a potential $1.4 trillion liquidity injection could impact its short-term performance.
The analysis of Bitcoin's performance based on historical data suggests a pattern that could influence investor behavior. However, the current market sentiment and potential regulatory actions introduce uncertainty, making the short-term impact neutral. The mention of a possible liquidity injection by the Treasury could provide a positive stimulus, but its realization and effect are speculative at this stage.
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IMPORTANCE 90
RELEVANCE 100