Bitcoin Friday — Jul. 12, 2024
Here are my quick, candid thoughts on bitcoin heading into the weekend.
Happy Bitcoin Friday!
Q3 Is Here
Bitcoin ended Q2 +43% year-to-date.
In June, I spoke about the six month anniversary for the US spot bitcoin ETFs. Bitcoin gave up some of those gains in late June but managed to finish the first half of the year well into the green.
What does the second half of 2024 have in store for bitcoin? Let’s revisit the halving briefly. It occurred on April 19, 2024. We’re approaching just three months post-halving as of writing. That means that bitcoin is very early in its market cycle if we’re looking at it from the four year cycle perspective.
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