Should You Buy Bitcoin While It's Under $200,000?
Despite being fairly arbitrary, price targets are often a powerful driver of investor psychology and behavior. When enough people repeat a round number frequently enough, the market starts treating it like a finish line, even if it's never reached or inherently unreachable. Right now, the chatter about Bitcoin's (CRYPTO: BTC) price potentially reaching $200,000 within the next 12 months has the same tenor.
The trouble is that such finish lines in investing tend to move from month to month as sentiment shifts. So is there an argument for loading up on Bitcoin as long as it's priced at less than $200,000 per coin?
Source Fool.com
