While Bitcoin (CRYPTO: BTC) has soared more than 60% in value in 2023, it's still also more than 60% below its all-time high from November 2021. The current price sits at just around $26,750, pressured by higher interest rates and uncertain economic backdrop.

With this top cryptocurrency trading below $30,000 for the past 2 1/2 months, investors might be smart to take a closer look at adding Bitcoin to their portfolios. Here are some compelling reasons that's a good move.

Looking out even 12 months from now, it's possible that Bitcoin's price will be significantly higher than today, which means buying it for less than $30,000 would look like a real steal in hindsight. Some powerful potential catalysts are on the horizon in the near term.

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Source Fool.com