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Bitcoin: Buy the Dip?

TheMotleyFool

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Enthusiasm surrounding cryptocurrencies has certainly cooled meaningfully in the past couple of years. However, this doesn't mean investors should completely write off the risky asset class.

Bitcoin (CRYPTO: BTC), for example, is slowly becoming a more legitimate financial asset that trades more like a growth tech stock than like an unnecessary dog-inspired meme digital token. Plus, there are some compelling arguments for owning Bitcoin.

As of this writing, Bitcoin's price still is 50% below its all-time high in November 2021. And this is after it has bounced back this year, up 105% (as of Oct. 26).

Source Fool.com

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