US Finance Company President: Bitcoin (BTC) Investors Should Be Patient!
Experts are still pointing to the 4th quarter for the much-anticipated increases in Bitcoin.
The head of research at financial services platform New York Digital Investment Group (NYDIG) said that Bitcoin (BTC) investors should wait for the huge bull market. According to the successful investor, October and November will be suitable for the increases of the leading cryptocurrency.
According to successful manager Greg Cipolaro, statistics show that September was the worst month for Bitcoin, with an average monthly loss of 5.9% in the 13 years since 2011.
However, the fourth quarter of the year emerges as the strongest period for Bitcoin; BTC experienced an average increase of 16.1% and 40.6% in October and November, respectively.
Speaking recently, NYDIG manager Greg Cipolaro said the following:
âUnfortunately, the short-term potential catalysts for Bitcoin are currently limited. August and September have historically been weak months for Bitcoin prices. However, October and the fourth quarter as a whole tend to be positive for price action.
Also, the US elections are very important. We will not speculate on which candidate will win the election, but November could be a turning point for the sector. However, until then, Bitcoin may exhibit uncertain movements.
