Listen "E320-The Upctober Effect and September Slump"
Episode Synopsis
This is an AI generated Episode that will discuss a video, podcast or read an article. The source, an excerpt from a YouTube video transcript, discusses the historical price patterns of Bitcoin, highlighting that September is typically the weakest month for the cryptocurrency, often posting negative returns. Conversely, the video argues that October historically yields strong positive returns, a trend attributed to several factors including seasonality in risk assets, the expiry of futures and options contracts in late September, year-end tax and accounting practices, and the start of the new US fiscal year in October. Additionally, the video references commentary from Michael Saylor, who suggests that current selling is likely due to early crypto adopters liquidating small portions of their holdings, which is a necessary maturation stage for the asset before institutional investors enter the market in size. The speaker emphasizes that while these patterns are consistent tendencies, they are not guaranteed financial advice. .Want to read the article your self? Check the original source: https://youtu.be/c3LyvfHQ9BE?si=n3RNWHhKAhLhijdU
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