#Thang10 Uptober is Coming

October is generally considered a strong month for Bitcoin. Looking at the chart over the past 5 years, BTC prices have generally increased in October.

Markus Thielen, analyst and director of research at 10x Research, believes that a crypto bull run could happen in Q4, as Bitcoin’s price surpassing $65,000 is likely to create a fear of missing out (FOMO) sentiment in the market. According to data from CoinMarketCap, Bitcoin has recorded a gain of about 11.18% over the past month, the highest since March.

Meanwhile, Charles Edwards, founder and CEO of investment firm Capriole, predicts that capital inflows into Bitcoin will be significant as investors move away from gold and other stocks.

“The capital inflows from gold and stocks into Bitcoin over the next 6 months will be relentless.”

Asset management giant VanEck also ranked Bitcoin as the best-performing asset this year, outperforming traditional assets, with the spot price of BTC up 124% over the past 12 months. However, the firm also noted that the recent downturn has left investors feeling “spooked.”