Cryptocurrency expert tells about a guaranteed opportunity to make money on bitcoin

Not financial advice — ed.

«Buying bitcoin at the end of the first day of the Chinese New Year and selling the flagship cryptocurrency after ten trading days guarantees a profit of over 9%,» Біллі Маркус" href="https://noworries.media/biography/billi-markus/" data-bio-id="3704">Marcus Thielen, Director of Research and Strategy at Matrixport, said on LinkedIn. — «Over the past eight years, from 2015 to 2022, the scheme has been successful 100% of the time.»

Interestingly, such transactions with VTS brought the greatest benefit in 2017 — investors received 15% of the profit, in 2021 the benefit was 14%, and in 2016 -13%. Even in 2018, against the background of the previous crypto winter, bitcoin holders had an income, albeit only 1%. If crypto enthusiasts wanted to implement Thielen’s scheme in 2023, they had to buy bitcoins on January 22 and sell them on February 1.

On Sunday, January 22, bitcoin was trading around $ 22,900, and the asset failed to hold the $ 23,000 level. However, Matrixport’s research director suggests that the BTC rate should rise to $ 25,000 in early February. Thielen is confident that the ideal period for the accumulated average return when buying BTC is 15−19 days. Typically, cryptocurrencies rise in price by about 12% during this period. In general, the expert considers the start of the Spring Festival «an attractive time to enter long positions.»

However, the value of the market flagship may be negatively affected by the US Central Bank’s interest rate hike — on February 1, the Fed will hold a meeting to decide whether to increase the interest rate. A few days ago, US Federal Reserve President Jim Bullard proposed to increase the rate by 50 basis points.

As of the time of writing, bitcoin is trading at $ 22,733, which is the lowest price of the flagship cryptocurrency in a day.