The good news is that Bitcoin (CRYPTO: BTC) is up 50% for the year. The bad news is that Bitcoin has been on a downward slide for much of the past three months. Ever since it hit a new all-time high of $73,750 back in mid-March, Bitcoin seems to have lost its mojo, and it now trades for just $64,000.

But now is no time to give up on Bitcoin. In fact, there are three very good reasons you should be buying Bitcoin like there's no tomorrow.

The primary factor that propelled Bitcoin to a new all-time high was the launch of the spot Bitcoin exchange-traded funds (ETFs) in January. Overwhelming investor enthusiasm for this new investment product led to huge new inflows into Bitcoin, and that led to a steady surge in price. To date, more than $30 billion has flowed into the new spot Bitcoin ETFs.

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Source Fool.com