Bitcoin Below $21,000: Is Now the Time to Buy?
Bitcoin (CRYPTO: BTC) is down almost 60% year to date and 70% from its all-time high as broader stock market volatility and recession fears spill into the crypto market.
Despite widening Bitcoin adoption, the token continues to be treated as a high-risk asset. And in today's rising interest rate environment, risky assets are under pressure. As the cost of capital rises, it dissuades people from speculating in new markets like crypto.
However, long-term investors could consider buying Bitcoin now. Here's why.
Source Fool.com
