Is Bitcoin a Buy Near Its All-Time High?
While the U.S. stock market teeter-totters on the cusp of an all-time high, the cryptocurrency market is erupting
In less than a month, Bitcoin's (CRYPTO: BTC) price has increased by over $25,000, marking the fastest nominal price rise in Bitcoin's history and an over 50% gain since late September. Bitcoin officially reached $66,930.39 on the afternoon of Oct. 20, its highest price ever.
At first glance, it's easy to say that Bitcoin is expensive because it's a higher price now than just a few weeks ago. But there's reason to believe it's still cheap. When Bitcoin topped $40,000 to mark a new high last spring, it was actually a great time to buy. And when Bitcoin rebounded back to $50,000 off its summer lows, it was yet another great time to buy.
Source Fool.com
