Bitcoin Is on Track to Post Its Best August in Nearly 10 Years. If History Is Any Guide, This Happens Next.
Bitcoin investors could be in for more strong returns over the rest of the year.
Overview
For much of August, Bitcoin (CRYPTO: BTC) fluctuated between minor gains and losses. But on Aug. 19, the price began rising rapidly after President Donald Trump said the federal government may begin buying Bitcoin for the Strategic Bitcoin Reserve.
Bitcoin is up 25% this month (as of Aug. 30), its best performance in August since 2017, when it grew 65%. If history is any indication, Bitcoin could be set to finish the year strong.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.