Bitcoin’s New Year’s Resolutions 🍾
New year’s is known to be a time to step back, assess the past 12 months past, and reconnect with your ‘big picture’. For many, the calendar year is little more than a convention… a mere habit - only really meaningful to auditors.
In spite of that crypto investors, and Bitcoin cycles, seem to place heavy significance on the turn of the year. The last two bull runs developed precisely one year apart, both in 2013 and 2017. If we mark each bull market’s beginning at the moment when Bitcoin broke its previous all-time high, the “new year” started a little early this time around. It’s also worth noticing - bull markets produce most of their returns within their first year.
If history repeats, as it so often does, 2021 is likely to be one you don’t want to miss! Of course, it’s impossible to predict exactly where the top will be. What we do know for sure, is that Bitcoin is the asset that’s consistently made the impossible possible, every cycle (so far!).
Paying $16 for a single Bitcoin in 2011 was as crazy-a-price as $1100 sounded in 2013. Now, after just a couple of months of growth, a dip back to $20,000, or even as far as $13,000, would be a blessing to many investors.
Bitcoin’s New Year’s Resolution seems to be set - to the moon! What about yours?
Happy Holidays! ☺️
In spite of that crypto investors, and Bitcoin cycles, seem to place heavy significance on the turn of the year. The last two bull runs developed precisely one year apart, both in 2013 and 2017. If we mark each bull market’s beginning at the moment when Bitcoin broke its previous all-time high, the “new year” started a little early this time around. It’s also worth noticing - bull markets produce most of their returns within their first year.
If history repeats, as it so often does, 2021 is likely to be one you don’t want to miss! Of course, it’s impossible to predict exactly where the top will be. What we do know for sure, is that Bitcoin is the asset that’s consistently made the impossible possible, every cycle (so far!).
Paying $16 for a single Bitcoin in 2011 was as crazy-a-price as $1100 sounded in 2013. Now, after just a couple of months of growth, a dip back to $20,000, or even as far as $13,000, would be a blessing to many investors.
Bitcoin’s New Year’s Resolution seems to be set - to the moon! What about yours?
Happy Holidays! ☺️
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