Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor voiced optimism for a “Bitcoin (CRYPTO: BTC) Summer” on Monday, even as the apex cryptocurrency battled macroeconomic uncertainty.
Will Summer Warm Up Bitcoin?
Saylor wrote “Looking forward to Bitcoin Summer” on X with a smiling face with sunglasses emoji.
Saylor’s upbeat stance was interesting, given that Bitcoin tends to weaken during the summer months of May through September.
Bitcoin gains an annualized average of 15.01% during this period, according to market analytics firm Seasonax, compared to an annualized gain of 138% from September to May. August was particularly damaging, with median losses of 7.49% during the month.
Meanwhile, widely followed cryptocurrency analyst Kevin, who earlier called …