The most famous cryptocurrency in the world, Bitcoin, has been very unstable these days. But, one is sure, day by day number of transaction in this crypto is increasing.
Experts analyses it’s value and gives as some reason why this may be a good time to buy Bitcoin. The list of them is published in an article on seekingalpha.com and we share with you in the text below.
- Bitcoin has been in a prolonged bear market ever since the bubble burst in late 2017.
- Paradoxically, despite prices being 85% cheaper, many market participants who wanted to get into Bitcoin toward the top want nothing to do with it today.
- Wasn’t it Warren Buffett who said that “investors should be fearful when others are greedy, and greedy when others are fearful?”
- Is it possible that governments could invest in Bitcoin to diversify their reserve holdings away from the U.S. dollar?
- Bitcoin’s bear market is showing signs of a probable bottom and is likely to transform into a new bull cycle relatively soon.
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