Should You Buy Bitcoin While It's Under $90,000?

Bitcoin (CRYPTO: BTC) investors were taken on quite a ride in 2024. The cryptocurrency more than doubled in under a year, smashing past previous all-time highs to finally surpass $100,000, a milestone few could dream of just a decade before. The historic rise was driven in large part by a major shift in investor sentiment: More and more, Bitcoin is seen as a legitimate part of a well-balanced portfolio.

So, with the crypto now having retreated not just below the six-figure mark, but below $90,000, is now the time to invest?

Last year began with a crucial development in Bitcoin's ascendance: the approval of spot Bitcoin exchange-traded funds (ETFs). In January, the Securities and Exchange Commission (SEC) gave the green light to asset managers like Blackrock to issue ETFs that track the movement of Bitcoin's price, the shares of which can be bought and sold through traditional brokers in the same way you might trade shares of .

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Source Fool.com