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This Phenomenal Crypto Has Skyrocketed by 1,100% in the Past 5 Years. Here's the Bear Case You Need to Understand

TheMotleyFool

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This Phenomenal Crypto Has Skyrocketed by 1,100% in the Past 5 Years. Here's the Bear Case You Need to Understand: https://g.foolcdn.com/editorial/images/773989/virtual-wallet-bitcoin-savings-coinbase.jpg

There aren't many assets that have outperformed Bitcoin (CRYPTO: BTC). In the past five years, it has skyrocketed more than 1,100% (as of April 23). That far outpaced the Nasdaq Composite index, for example.

To be clear, I'm still bullish on the top cryptocurrency. Even at its current price of roughly $66,700, which is 10% off the peak, it looks like a smart buying opportunity.

However, I believe it's always a good idea for investors to understand the bear case for any asset they own or are considering.

Source Fool.com

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