While Bitcoin is approaching the $8000 mark, the head of research at Fundstrat and famous bull, reminded the audience of the perks of hodling. According to his research, “BTC historically generates its annual performance in 10 days”.
Selling out now and missing these 10 days of most profitable annual BTC performance can result in missing out the great opportunities for making profit, shared Thomas Lee in his twitter account:
— Thomas Lee (@fundstrat) May 11, 2019
2/ Reminder that BTC generally generates all of its performance within 10D of any year.
–ex the top 10 days, BTC is down 25% annually since 2013 pic.twitter.com/zoEocEEZvu
— Thomas Lee (@fundstrat) April 2, 2019
Despite the recent rapid growth, famous bull believes that holding is still the best option, backing up the advice with the Fundstat graph, that shows the main cryptocurrency performance since 2013. According to Fundstrat research, If the investor sell out without waiting these 10 days, the annual return would drop to -25%.
Last week the co-founder of Fundstrat Global also had shared that all signs were showing the beginning of crypto spring. Thomas Lee expects the main cryptocurrency to hit all-time-highs by 2020.