Bitcoin Surged Over 40% in a Month. Should You Buy It Right Now?
In case you haven't heard, Bitcoin (CRYPTO: BTC) is officially back. After an impressive 2023, Bitcoin has maintained momentum in 2024. In just the past month, the world's premier cryptocurrency jumped by more than 40% and notched a new all-time high of more than $73,000.
Now that Bitcoin is once again in the spotlight, investors may be curious if it's too late to buy. Such concerns are warranted, but with a deeper exploration it becomes clear that there is still considerable upside in the short term and that the long term holds even more promise.
With Bitcoin hovering above $67,000 at the time of this writing, it's clear that the huge gains that could have been made when it was trading for just $16,000 during the crypto winter are likely gone. However, that doesn't mean it isn't worthy of an investment today.
Source Fool.com
