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Historically, August and September have been challenging months for the Bitcoin market. If this pattern holds, the projected returns for the next two months are as follows:

  • August 2024: Approximately -1.4%

  • September 2024: Approximately -11.1%

However, several unpredictable factors could influence these outcomes:

  • Election Year: The 2024 election is significant, with nearly half of the world's population eligible to vote. Crypto has emerged as a crucial issue, potentially affecting market dynamics.

  • Rate Cuts: The Federal Reserve's potential interest rate cuts could make cryptocurrencies more attractive as investment options.

  • Money Printing: Increased money printing could drive inflation, prompting investors to seek assets like Bitcoin to hedge against currency devaluation.

  • Aladdin Allocations from BlackRock: Institutional investments and allocations by major financial entities like BlackRock could significantly impact market trends.

  • Pensions Stacking: Increased pension fund investments in crypto could alter market behavior.

  • Nation State Game Theory: Geopolitical maneuvers and national policies regarding cryptocurrency could also play a crucial role.

  • Scarcity: Bitcoin is scarcer than ever before

Perhaps, this time will be different.

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believer

TTID. 🚀🚀🚀

Giktzer

Of the recent halving years, 2016 (6%, 14%) feels the most comparable, especially with the recent trump momentum that would match that election cycle too.

MushroomCoffee

Are these projections based on halving year data only? Because I think it should be

3324

I'm expecting a bloodbath so it will probably rip

3324

Keep some dry Pow

Boring

This time feels different. I remain super optimistic as otherwise would just make me waste my time.

Garrett

When did we pump to 94K? I missed it!

SouthernGen81

We should also consider, statistically when incumbents don’t run for a second term the returns are much better the second half!

AliveandKicking

James where is the miner video? CLSK earnings real soon..... What should we expect from this earnings report on the stock price.... up? Down? It is now post halving and many of us are holding CLSK...