Maybe a Good Time to Own Bitcoin

“BTC has registered gains in the second quarter every year – the highest being 1,964 percent in the Q2 2011 when bitcoin jumped from $0.78 to $16.1,” according to CoinDesk. “The 131 percent gain reported in Q2 2017 is the second highest on record.”

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However, other data points suggest bitcoin’s second-quarter rallies, assuming they materialize, do not always persist into the third quarter.

“While stocks often fall out of favor in the summer months, prior to 2017, bitcoin’s summer history was anything but hot. From 2010 through 2016, bitcoin’s average June 8th through October 6th loss was over 22%,” according to Cryptobase.

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