Historical Price Patterns Are No Joke
CTO & Co-founder, Matt Senter said:
In August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More
“We bitcoiners love ‘Uptober,’ our cheeky nickname for October, and it’s living up to its name. With bitcoin at a new all-time high this morning, bitcoin is proving that historical price patterns are no joke.
“Bitcoin has characteristically performed very strongly during October, kicking off a price climb that continues through the first of the new year. At this rate, with increasing institutional adoption and a warming regulatory environment, we believe the bull run is just getting started.”
Bitcoin Is The Most Secure Store Of Value
Head of Comms, Aubrey Strobel:
“Bitcoin’s all-time high is the latest validator that bitcoin is the most secure store of value in history with a year-to-date increase of 205% – and of astronomically more in the last decade. Bitcoin has consistently discredited critics who deride its volatility as an augur of a coming price crash by breaking ever-higher price ceilings, inviting growing institutional and mainstream interest.
“The recent rally was encouraged by the arrival of bitcoin futures ETFs which started trading on Monday. The approval of bitcoin futures ETFs has been met with an influx of interest from institutional investors.The SEC’s approval of the futures ETFs also signals promise for other bitcoin-related financial products – a sign of a warming regulatory environment for bitcoin in the U.S., where financial authorities are recognizing that bitcoin is very much here to stay, and that there is an ever-growing body of consumers with interest in owning or investing in bitcoin.”