TL;DR
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Today’s theme: “Things could, and really should, be worse.”
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September is usually a really bad month for markets. So much so that it’s earned the nickname ‘Rektember.’
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But Bitcoin didn’t drop this past month. In fact, it went up 4%! Making this the most successful September since 2016.
Full Story
Rightio then – time for our bi-weekly (ish) check in with Bitcoin.
Today’s theme:
“Things could, and really should, be worse.”
What does that mean? Allow us to answer your question with another question:
Has your laptop ever died on you, then all of a sudden started working again 24hrs later?
When it comes back to life, the relief you feel knowing that you won’t have to shell out $1k+ 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 been keeping this past month!
We mentioned it the other week, but it bears repeating: September is usually a really bad month for markets.
So much so that it’s earned the nickname ‘Rektember.’
And seeings as we’re in the middle of a bear market – it goes to figure that this Rektember should have lived up to its name.
But Bitcoin didn’t drop this past month.
In fact, it went up 4%! Making this the most successful September since 2016.
Is this a pivotal ‘We’re SO back!’ market shift? No, unfortunately not.
…but things could, and really should, be worse.
And it’s giving us that ‘no need for a new laptop’ feeling.
