acting-man.com / Dimitri Speck / September 14, 2017
In the last issue of Seasonal Insights I have discussed how the S-amp;P 500 Index performs on individual days of the week. In this issue I will show an analysis of the average cumulative annual returns of bitcoin on individual days of the week.
It seems to me that bitcoin is particularly interesting for this type of study: it exhibits spectacular price gains, its is a very new instrument and it is unregulated. Moreover, it trades around the clock, even on weekends.
Given this setup, I found myself wondering: do prices rise uniformly? And does their performance on weekends differ from that on workdays?
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