3 Concerns I Have About This Popular Cryptocurrency
Back in mid-March, Bitcoin (CRYPTO: BTC) hit an all-time high of $73,750, and it seemed the sky was the limit. But a lot has happened since then, and Bitcoin currently trades at less than $64,000. Although Bitcoin may still be up 45% for the year, the past six months have been disappointing, to say the least.
So is it time to sell? Not at all. If you take a long-term perspective, Bitcoin's upside potential remains unmatched among major cryptocurrencies. But that doesn't mean that concern isn't warranted.
More than $30 billion has already flowed into the new spot Bitcoin exchange-traded funds (ETFs) since the start of the year, and as long as people keep investing in them, the thinking goes, Bitcoin has nowhere to go but up. No wonder it had such a meteoric ascent during the first three months of the year, when investor inflows were positive every day.
Source Fool.com
