TL; DR
-
Today’s theme: “It could and should actually be worse.”
-
September is usually a very bad month for the markets. So much so that it has been nicknamed ‘Rektember’.
-
But Bitcoin did not fall last month. In fact, it went up 4%! This makes this the most successful September since 2016.
Full story
Rightio then – time for our bi-weekly(ish) check-in with Bitcoin.
Today’s theme:
“It could and should be worse.”
What does that mean? Allow us to answer your question with another question:
Has your laptop ever given up the ghost and suddenly started working again 24 hours later?
When it comes back to life, the relief you feel knowing you don’t have to spend $1,000+ for a replacement makes you feel like you’re a thousand dollars richer.
…even though nothing has actually changed.
That’s the energy Bitcoin has maintained over the past month!
We already mentioned it last week, but it bears repeating: September is usually a very bad month for the markets.
So much so that it has been nicknamed ‘Rektember’.
And since we’re in the middle of a bear market, it seems like this Rektember should have lived up to its name.
But Bitcoin did not fall last month.
In fact, it went up 4%! This makes this the most successful September since 2016.
Is this a crucial “We’ll be right back!” market shift? No Unfortunately not.
…but it could and should be worse.
And it makes us feel like we don’t need a new laptop.