Down 60% From Its All-Time High, Is Now the Time to Buy Bitcoin?
From its humble beginnings when it traded for less than a penny to eventually reaching a staggering all-time high of over $68,000, Bitcoin's journey over the years has been nothing short of remarkable.
However, since that all-time high, Bitcoin's price has taken a hit and remains down about 60%. Despite this retreat, there is evidence that Bitcoin's network is still growing and has plenty of potential to keep up its momentum from the last 14 years. Three key metrics in particular highlight Bitcoin's current position and why today remains an enticing opportunity for long-term investors.
Just this year, the average size of a Bitcoin block hit an all-time high. Not only did it hit a new record, but it has been continuing to grow since Bitcoin went live in 2009.
Source Fool.com
