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Sell Bitcoin In May And Go Away? Here's How How You Could Have Pocketed A 1,449% Cumulative Return

Published 06/05/2024, 19:40
Updated 06/05/2024, 20:40
© Reuters.  Sell Bitcoin In May And Go Away? Here's How How You Could Have Pocketed A 1,449% Cumulative Return
BTC/USD
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Benzinga - by Khyathi Dalal, Benzinga Staff Writer.

Coinbureau co-founder Nic Puckrin shared how a “sell in May and go away” strategy would have done for Bitcoin (CRYPTO: BTC).

What Happened: In a thread on X, Puckrin pointed out compelling statistics on the historical performance of Bitcoin. Over the past five years, buying Bitcoin in October and selling in April has yielded cumulative returns of 1,449%. In contrast, buying in May and selling in September has resulted in a loss of 29%. The question on everyone’s mind is whether the chart will see a similar pattern this year.

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