Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 112: Bitcoin Best Q1 Since 2013 to ‘Escalate’ If $9.5K Is Broken | Why is John McAfee Bashing BTC Again?

112: Bitcoin Best Q1 Since 2013 to ‘Escalate’ If $9.5K Is Broken | Why is John McAfee Bashing BTC Again?

Published: Jan. 29, 2020, 2:33 p.m.

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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.