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Should You Buy Bitcoin While It's Below $40,000?

TheMotleyFool

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Should You Buy Bitcoin While It's Below $40,000?: https://g.foolcdn.com/editorial/images/755217/bitcoin-wallet.jpg

Bitcoin's (CRYPTO: BTC) history is characterized by a boom-and-bust cycle. Investor enthusiasm and risk-seeking behavior create the necessary conditions for a raging bull market. But then, as pessimism takes hold of the market, this cryptocurrency seems to go into free fall. It seems like this situation always repeats itself.

Right now, Bitcoin is 47% below its peak price, which was set about two years ago. However, it's had a wonderful run so far this year. Some investors might be considering adding this asset to their portfolios in the hopes of riding the bullish momentum.

Should investors buy Bitcoin while it's still below $40,000? Here's why that looks like a smart decision.

Source Fool.com

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