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Bitcoin (BTC) investors have already made more on their holdings this quarter than any Q1 since 2014, as data shows a sustained influx of institutional interest.
According to findings from statistics resource Skew Markets, the Bitcoin price gains so far in 2020 amount to just under 30%.
In no other quarter in the past six years did markets perform that strongly.
By contrast, Q1 tends to be an underwhelming period for the BTC price. 2014 saw 39% losses, while 2015 and 2016 saw BTC/USD drop by 24% and 3% respectivelyOnly 2017 and 2019 managed to produce positive moves, but at around 11%, neither comes close to this year.
2011 and 2013 were the years Q1 returns were strongest, at 165% and 570%, according to Bitinfocharts’ price index.
Crypto markets have been on fire this week and another $10 billion has just been pumped in.
Crypto pundit John McAfee is back bashing Bitcoin as some top altcoins make double digit gains.
Digital warlord John McAfee has been known for his candid commentary on Crypto twitter.
A recent outburst has again taken a swipe at Bitcoin labeling it as a ‘true shitcoin’.
“Whichever Bitcoin Maximalist came up with the term “Shitcoin” for all other coins; Was brilliant. But we all know that the future of Crypto rests with the Alt Coins. Bitcoin – Old, clunky, no security, no smart contracts, no DAPs …. Is the true Shitcoin.” – John McAfee
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.