Bitcoin: Buy the Dip?
Enthusiasm surrounding cryptocurrencies has certainly cooled meaningfully in the past couple of years. However, this doesn't mean investors should completely write off the risky asset class.
Bitcoin (CRYPTO: BTC), for example, is slowly becoming a more legitimate financial asset that trades more like a growth tech stock than like an unnecessary dog-inspired meme digital token. Plus, there are some compelling arguments for owning Bitcoin.
As of this writing, Bitcoin's price still is 50% below its all-time high in November 2021. And this is after it has bounced back this year, up 105% (as of Oct. 26).
Source Fool.com
