Bitcoin: Bull vs. Bear
A look at a price chart over the past decade would easily show that Bitcoin (CRYPTO: BTC) is, without a doubt, one of the best financial assets to have owned. It has skyrocketed from about $123 in August 2013 to just over $26,000 today. That's a ridiculous gain of more than 21,000% compared to the 283% rise of the Nasdaq Composite Index.
However, the ride up hasn't been smooth, as it's been full of volatility. As of this writing, Bitcoin is currently 61% off its peak price. This might prompt some to eye this big discount to its all-time high as a potential buying opportunity.
To gain a better perspective of the situation, let's examine the bull and bear cases for the world's most valuable cryptocurrency.
Source Fool.com
