2022 has not been a good year at all for Bitcoin and cryptocurrencies. But that’s not surprising. Because the statistics predicted it. And she also says that it will go up significantly in 2023.
If you look at Bitcoin’s annual performance, a trend emerges. Since Bitcoin sets the tone for the entire crypto market, a bad year for Bitcoin also means a bad year for all other cryptocurrencies – and vice versa.
However, it is now evident that there has been some trend since 2014: 2014 was a weak year with a red yearly candle. Means: Bitcoin fell from the beginning of the year to the end of the year. This was followed by three strong years before 2018 was another very weak year. And – you can already guess – after that there were three green years with strong gains before 2022 was another year of losses.
The 4-year rhythm in Bitcoin
If we assume these statistics, the year 2023 should be positive for Bitcoin. And that’s pretty obvious, although it’s not guaranteed. Because at the beginning of 2024 the halving will take place again, during which the amount of newly created Bitcoin will again be halved. This guarantees a new, rarer coin supply. Most of the time, the first purchases are made in advance in order to anticipate the event. And so far, Bitcoin has risen significantly the year of the halving and for a few months after. But about 12 months after the halving, a correction generally set in and the second year after the halving, Bitcoin bottomed out. And that’s exactly where we are now. If we go by the statistics.
This is how investors now invest in Bitcoin and cryptocurrencies
Of course, this stat doesn’t mean it will always go on like this. But why shouldn’t this continue for now, since the Bitcoin Halving is set approximately every 4 years.
However, it is important for investors to spread the risk. If you want to invest in Bitcoin, it is best to do so with a savings plan. This is how to avoid investing too much money near the record.
If you want to spread your risk even further in the crypto industry, you can even invest in 10 big coins at once. The easiest way for investors to do this is to use the BÖRSE ONLINE Best of Krypto Index, and with one product. There are 10 major coins like Bitcoin, Ethereum, Cardano or Dogecoin here. And investors can rely on it with a regulated certificate from Germany.
Conflict of Interest Notice
The author holds direct positions in the following financial instruments mentioned in the post or related derivatives that may benefit from any price movements resulting from the post: Bitcoin
The price of financial instruments is derived from an index as the underlying. Börsenmedien AG developed this index and owns the rights to it. Börsenmedien AG has concluded a cooperation agreement with the issuer of the securities presented, according to which it grants the issuer a license to use the index. In this respect, Börsenmedien AG receives remuneration from the issuers.
Conflict of Interest Notice
The CEO and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions in the following financial instruments mentioned in the publication or related derivatives which could benefit from any price movements resulting from the publication : bitcoin