Should You Buy Bitcoin While It's Under $100,000?
The good news for crypto investors is that Bitcoin (CRYPTO: BTC) is up 65% for the year. At its current price of $70,000, it is now within striking distance of its all-time high of $73,750 from earlier this year.
The bad news, though, is that the cryptocurrency has largely underperformed expectations this year and has struggled to break through the $70,000 mark for several months now. As a result, some investors are taking a wait-and-see approach or moving their money elsewhere. Should you be doing the same, or is now the time to buy?
To answer that question, it's important to understand how investor expectations for the digital coin have steadily ratcheted down since the beginning of the year. In January, investor excitement around the launch of the new spot Bitcoin exchange-traded funds (ETFs) drove a huge rally that eventually pushed it to an all-time high of $73,750 in mid-March.
Source Fool.com
