November 2020 is just beginning, and we can look forward to an exceptional month for Bitcoin in October. While the Bitcoin price started the month around $10.5K, it closed the month around $13.8K, an increase of +32%.
Some people seem surprised by this increase in the Bitcoin price. In reality, nothing is surprising in this increase, which is only the result of the consolidation of the fundamentals that we have been witnessing for several months.
We will soon be six months after the third Bitcoin Halving that took place on May 11, 2020. History has taught us that this is precisely when the post-halving Bull Run begins to take shape.
This time seems to be no exception.Being a Bitcoin HODLer becomes essential
The market has entered a phase of accumulation, as demonstrated by various metrics such as the number of Bitcoins that have not been moved for more than a year, or the number of Bitcoins stored on exchange platforms, which has been falling steadily since the beginning of 2020.
A growing number of people are coming to the only valid conclusion about Bitcoin: Bitcoin is a monetary revolution that is set to change the world of the future in terms of money.
Once violently denounced by opponents, Bitcoin’s price volatility is now seen for what it is: a feature, not a bug. You can make Bitcoin’s volatility your greatest ally as long as you become a Bitcoin HODLer.
This means adopting the best strategy with Bitcoin:Buy Bitcoin automatically with a Dollar-Cost Averaging (DCA) approach. Many applications exist for this. Program the automatic sending of these Bitcoins to your hardware wallet using one of the applications you will buy. HODL Bitcoin no matter what. Iterate from step 1. The arrival of large companies has allowed the Bitcoin price to enter a positive feedback loop
MicroStrategy, a Nasdaq-listed company, has made Bitcoin its primary treasury reserve asset by adopting this strategy. Following ...