Bitcoin in Spring — A Canadian Perspective

Spring in Canada brings tax season, RRSP deadlines, and for many investors, a fresh look at their portfolio. Here's what Bitcoin's history tells us about the March–May window.

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Spring's Historical Context

Spring months have produced some of Bitcoin's most significant moves:

March 2020

Bitcoin crashed to ~$5,000 USD during the COVID panic — then rebounded sharply.

April 2021

Bitcoin hit an all-time high near $65,000 USD for the first time.

May 2021

Bitcoin experienced a 50%+ crash from the April peak.

March 2024

Bitcoin broke above $73,000 USD, reaching a new ATH post-halving.

May 2025

Bitcoin consolidated after earlier highs.

Spring is volatile.

Major moves — both up and down — have historically clustered in this window.

Tax Season & Bitcoin in Canada

For Canadian investors, spring means tax time. If you sold Bitcoin in the prior year, you owe capital gains tax by April 30.

Key rule: Only realized gains from sales or swaps are taxable. Holding Bitcoin is not a taxable event.

TFSA opportunity: Spring is also RRSP contribution deadline season. Consider whether Bitcoin ETF exposure inside your TFSA makes sense before April 30.

The Strategy That Works

Don't try to time spring. Buy consistently, hold long-term, and let compounding do the work.

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