Bitcoin quarterly returns have been up every single quarter this year so far. The last time this happened was back in 2017.
It’s no surprise that despite the bearish market for altcoins, Bitcoin has been having a relatively good year. In fact, the asset price has stayed positive regarding quarterly returns in every quarter of 2019 so far, according to @skew_markets.
Bitcoin is up each quarter this year – could we get a similar vintage to 2017? pic.twitter.com/b1LJyA1Khk
— skew (@skew_markets) September 6, 2019
That’s right, quarterly returns for Bitcoin in 2019 have stayed up 10.34%, 161.50%, and 1.05% in quarters one, two, and three, respectively. Investors are generally profiting on the asset it seems, even if Q3 is only 1.05% up.
Related: Looking to buy and sell Bitcoin? Check out our guide on the best cryptocurrency exchanges for trading Bitcoins.
As you may remember, Bitcoin’s price was sitting at around $6.5k in October of last year, Q4 2018. Then, it suddenly dropped to the lower $3k bracket and stayed bouncing between there up to $4k until Q2 of this year, which explains the significant drop at the end of last year.
Then, Q2 2019 saw Bitcoin’s price jump significantly from the $5k mark to $13k before settling at around $10-$11k to enter quarter three, which has been relatively stable in comparison, facing resistance at the $12k mark.
As for Q4 this year, it’s hard to say for certain though there are a ton of predictions out there – and most of them positive.
After all, Bitcoin’s dominance just hit over 70% for the first time since 2017, which is a great sign of what’s to come. That and the Tether Treasury keeps bringing out more and more USDT, a move that some believe is being done to pump Bitcoin’s price. However, you also have Bitcoin whales moving $1 billion in assets, which could bring significant surprise movement as well. We’ll have to see how the rest of 2019 plays out.
What do you think about the future of Bitcoin? Do you think we’ll see another quarter of positive returns? Let us know your thoughts in the comments below!
Images are courtesy of Twitter, Shutterstock, CoinMarketCap.