TL;DR

• Today’s theme: “Things could, and really should, be worse.”

• September is usually a really bad month for markets. So much so that it’s earned the nickname ‘Rektember.’

• But Bitcoin didn’t drop this past month. In fact, it went up 4%! Making this the most successful September since 2016.

Full Story

Rightio then - time for our bi-weekly (ish) check in with Bitcoin.

Today’s theme:

“Things could, and really should, be worse.”

What does that mean? Allow us to answer your question with another question:

Has your laptop ever died on you, then all of a sudden started working again 24hrs later?

When it comes back to life, the relief you feel knowing that you won’t have to shell out $1k+ for a replacement makes you feel like you’re a thousand dollars richer.

…even though nothing has actually changed.

That’s the energy Bitcoin has been keeping this past month!

We mentioned it the other week, but it bears repeating: September is usually a really bad month for markets.

So much so that it’s earned the nickname ‘Rektember.’

And seeings as we’re in the middle of a ​bear market​ - it goes to figure that this Rektember should have lived up to its name.

But Bitcoin didn’t drop this past month.

In fact, it went up 4%! Making this the most successful September since 2016.

Is this a pivotal ‘We’re SO back!’ market shift? No, unfortunately not.

…but things could, and really should, be worse.

And it’s giving us that ‘no need for a new laptop’ feeling.