In my previous newsletter, I talked about my friend’s request for advice to sell his Bitcoin, just as the price reached the prior all-time high of $20,000. I am happy to report that he was dissuaded from selling at the wrong moment. An awesome decision as it turns out, as the price of Bitcoin has continued to rocket to $29,000 in the last couple of weeks. Needless to say, my friend is pleased that he took my advice! 🙂
An analysis of the historic price cycle of Bitcoin shows that approximately every four years the price of Bitcoin has a speculative peak, typically 18 months following the prior halving. Before then entering a prolonged bear market for a number of years before the next halving and then repeating the cycle all over again. The way Bitcoin is programmed influences this and will continue to influence this in the future.
So in the short term, if part of your portfolio is just for speculation, and everything else in the economy is just fine, October/November 2021 could be the time to sell, but if the financial system is imploding by then, there may be nothing to sell your Bitcoin for. Bitcoin, Gold or Silver could be the asset that everyone wants.
Interview with the Entrepreneur Academy
Bitcoin In A Time Of Covid
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