Cryptocurrency
Bitcoin’s Impressive Q1 2023
By Side Hustle Rich  •  May 6, 2023
As of today, Bitcoin has been one of the best performing assets across all assets, appreciating 72.5% year-to-date. It started the year at $16,530, and as of writing this, Bitcoin price has been bouncing sideways between $28,000 and $30,000 for close to 5 weeks now. In fact, the King of crypto has managed to close out all 4 months of the year in the green, an impressive feat considering the uncertainties and financial turmoil the macro economy is currently facing. We’re not sure how the month of May will pan out, but Jerome Powell has yet again raised interest rates, now the 10th time in a row. Even against the backdrop of the banking crisis, he has raised rates by 25 basis points. Will we see Bitcoin put up another green candle by the end of the month, making it 5 in a row? Given that we’re going into a year before the next Bitcoin halving (which has historically been a...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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