RATE Group | Should Bitcoin Investors Be Thankful It’s Thanksgiving?
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Should Bitcoin Investors Be Thankful It’s Thanksgiving?

28 Nov Should Bitcoin Investors Be Thankful It’s Thanksgiving?

Posted at 19:30h in Bitcoin News by

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Bitcoin has in some ways become synonymous with Thanksgiving. It was two years prior when dinner table talks with family members about the first-ever cryptocurrency turned into extreme FOMO resulting in a bubble the asset still has yet to recover from.

Investors had a lot to be thankful for that Thanksgiving, but what about this year? Could Bitcoin explode into a bull market once again? Let’s review a decade of Bitcoin performance post-Thanksgiving to see if crypto investors should really be thankful it’s Thanksgiving once again for Bitcoin.

The Complete History of Bitcoin Price on Thanksigiving

It was right around Thanksgiving 2017, when Bitcoin first breached above the FOMO trigger – as Fundstrat’s Tom Lee called it – price point of $10,000 when not even a month later Bitcoin doubled in price, reaching its historic peak price of $20,000.

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

Last Thanksgiving, Bitcoin traded at nearly…

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