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Home Cryptocurrency news Bitcoin

Financial Independence Day: 268% Average ROI Buying Bitcoin On July 4

Tony Spilotro by Tony Spilotro
8 months ago
in Bitcoin
Reading Time: 2min read
Financial Independence Day: 268% Average ROI Buying Bitcoin On July 4
Advertisement

All across the United States, American Bitcoin investors are stepping away from their trading desks to celebrate.

In addition to celebrating the country’s independence, they can also celebrate the on average 268% ROI Bitcoin brings from holiday to holiday. Will the next 365 days in crypto market price action lead to even more financial independence for holders?

Will There Be Crypto Market Fireworks On The 4th of July?

Markets are cyclical and history, trends, and more often come back around. Certain seasonably is said to also exist in financial markets.

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It’s where the phrase “sell in May and go away,” or “the Halloween effect” came from.

Related Reading | Research Shows That Holidays Cause FOMO Fireworks in Crypto Price Charts

Holidays themselves have shown to have a dramatic impact on Bitcoin price. Whether it’s the low liquidity on holidays due to traders being busy or chatter at the dinner table, the asset can react powerfully.

It was after Thanksgiving in 2017 that Bitcoin exploded from $10,000 to $20,000.

This weekend across the United States, American citizens will be celebrating the country’s birthday and independence as a new country. The 4th of July holiday is among the most celebrated in the States.

With Bitcoin price once again flirting with $10,000, with $20,000 a possible target, will we see fireworks this Independence Day?

bitcoin independence day

Bitcoin BTCUSD Independence Day ROI Chart | Source: TradingView

Buying Bitcoin On Independence Day Results In Financial Freedom

According to a review of price action ranging from each Independence Day to the next, buying Bitcoin can bring financial independence.

Dating back a decade, on average, data shows that buying BTC on July 4 and holding it for a year results in an average return of 268%.

Data indicates that only three out of all years analyzed did Bitcoin decline year over year on July 4. All other times the first-ever cryptocurrency had a large return for saavy investors.

Related Reading | Data Shows Crypto More Likely To Pump Following Consolidation, 20% Move Anticipated

The day itself hasn’t resulted in anything notable in terms of volatility or trend changes. However, research shows that buying on July 4 is likely to reward investors.

Those considering celebrating Independence Day by buying BTC today may be celebrating financial freedom next year.

Tags: bitcoinbtcusdBTCUSDTcryptoxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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