No idea what to give as a gift this year? Research shows that Bitcoin performs well on Valentine's Day.

Past research has shown that when it comes to short-term trading, Friday is the day of the week with the highest average returns for investing in Bitcoin compared to other days. This Friday, in particular, may hold extra significance for investors. The latest reports indicate that Valentine's Day is another favorable time for investing in Bitcoin, with average returns of over 4% on Valentine's Day from 2015 to 2019.

Bitcoin Bullish on Valentine's Day

According to a report, Valentine's Day has been favorable for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) since 2015. With the exception of 2019, investing in Bitcoin on Valentine's Day has historically yielded positive returns every year. In 2018, the highest daily return was over 9%, with an average daily return of about 4.73% over the years. XRP has an average return rate of 3.28%, similar to Bitcoin, with the highest daily return in 2018 at 10.15%.

Ethereum's best performance was in 2017, with a Valentine's Day daily return of 14.5%. However, the correlation between Valentine's Day and Ethereum is not high, as Ethereum had negative returns in 2016 and 2019. Nonetheless, Ethereum has had an average return of 3.92% on Valentine's Day since 2016, meaning that these three assets have all seen average returns of over 3% on Valentine's Day from 2015 to present.

Interestingly, in the past five years, Bitcoin and XRP have shown negative returns on February 13th for three years, while Ethereum has performed even worse, with negative daily returns every February 13th since 2016. The cryptocurrency market experienced a corrective wave yesterday after several days of gains.

A Gift for Investment and Love

Traditional market analysts have extensively studied the impact of specific dates and holidays like Valentine's Day on the market. For stocks, most studies have found that abnormal return performances usually occur the day before a holiday rather than during or after the holiday. When studying stocks from the early 20th century to the 1980s, these abnormal returns could exceed four times the normal returns on other days of the year. However, these effects have diminished over the years due to the maturation of the market and increased public awareness.

The impact of specific dates on investment targets seems significant. Still pondering what to gift your loved one for Valentine's Day? Why not consider giving them some Bitcoin this year!

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