Should You Buy Bitcoin While It's Under $100,000?

Yes, the price of Bitcoin (CRYPTO: BTC) is crashing. It's now down to $70,000. But check again in a few minutes, because it might have dropped even lower.

So it's completely understandable why some investors are panicking right now. The one asset that was supposed to turn them into paper millionaires is collapsing in value, and they are racing for the exits. But that would be a mistake. As long as Bitcoin is trading for less than $100,000, it's a screaming buy.

Long-time crypto investors understand that Bitcoin has always been a cyclical asset following a four-year cycle of boom and bust. The numbers don't lie. Every four years, just like clockwork, the price of Bitcoin has collapsed. Bitcoin sank by 58% in 2014, 74% in 2018, and 64% in 2022.

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Source Fool.com