History May Not Repeat Itself for Bitcoin: A Record Summer is Coming!

This summer could be a period for Bitcoin (BTC) where the rise continues and new records are broken, contrary to the classic investment saying.

While the saying "Sell in May and go away" is popular among investors on Wall Street, this summer may be different for Bitcoin. Paul Howard, director of the cryptocurrency trading firm Wincent, interprets this period as "Buy in May and go away." According to Howard, positive regulatory steps towards cryptocurrencies and increasing institutional interest in the US could drive BTC prices upward.

Recently, spot Bitcoin ETFs traded in the US are facing intense interest from investors. The ETFs attracted a total of $3.3 billion in investments throughout May, with $667 million entering just on Monday. Additionally, many companies, such as Michael Saylor's company Strategy (MSTR), adding Bitcoin to their treasury supports this rise.

While the total market value of crypto assets is currently at $3.3 trillion, according to Howard, new peaks in Bitcoin prices could be seen as it approaches $4 trillion. Another point highlighted by analysts is that the historically calm summer months may be different this year.

The crypto analysis firm Kaiko notes that the Federal Reserve's interest rate decision in June and Donald Trump's decision regarding foreign trade tariffs in July could lead to unexpected movements in the market.

Moreover, in the Bitcoin options market, the June 27 expiry dates for $110,000 and $120,000 strike prices have seen significant trading volumes. This strengthens investors' expectations that Bitcoin will reach record levels in a short time.

At the time of writing, Bitcoin is trading around $106,518, being only about 2% away from its all-time high in January.