😫 It's Half Time

What is in store for the next 2 quarters?

Contents (3 min read):

• 😫 It’s Half Time

• 📉 The Stock Market Outlook

• 👨‍👩‍👧‍👧 Startupy - Community-curated search engine

• 🏖️ IRAs, tax-sheltered accounts

• 📰 ICYMI

• 🙏🏻 Grateful for…

• 💸 Coupons

😫 Its Half Time

It's official: Bitcoin has just suffered its sharpest quarterly loss since 2011 — down by a whopping 56.2% between April and June. There's little doubt things are grim right now.

Crypto has been known for its volatility and due to macro conditions this time the valuations may continue to drop and remain low for a longer period. Nevertheless, for investors with strong hands, this is yet another opportunity to buy at a discount. El Salvador and Microstrategy among many others are aggressively buying the dip.

The second quarter of 2022 has seen the deepest dip in the history of Bitcoin, losing more than 50% of its value.

From its all-time high of $69k in November of 2021, BTC is down 70%. An interesting pattern formation discovered by analysts from cryptohopper from the past 4-year halving cycles reads that Bitcoin prices could plunge an average of 82%.

During the previous halving cycles, each subsequent cyclical high was followed by extreme sell-off periods:
•    From the 2013 high, the BTC price plunged 86%
•    From the 2017 high, the BTC price plunged 84%

Additionally, each halving cycle low was established 18 to 17 months before the next halving event. The next halving event is scheduled to happen on March 2024, which means that if we measure 17-18 months back from that period, we need to hit the next cyclical low of around $16k somewhere around September-November this year.

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📉 The Stock Market Outlook

Last Thursday was the last day of the month, and the 2nd quarter of 2022. The first half of the year was among the worsts in history. If we examine all first halves of a year for the S&P 500, going back to 1871, only 4 years were worse for the index. 

Source: Blockware Intelligence

As we mentioned above, there are many macroeconomic conditions affecting all markets these days and it is hard to pinpoint exactly how we can get out of these recession-bound times. For the most part, if we can tame inflation and unclogged supply chains on a global level, we may be able to see a better second half in 2022.

It is interesting to mention that for those years that had worse starts than 2022, all of them saw the S&P up for the second half of the year.

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