Bitcoin (CRYPTO: BTC) has had a fantastic start to the year, up almost 90% as of July 13. The bulls are certainly happy with this trend, especially after this digital asset tumbled 65% in 2022. As the overall crypto market bounces back, it seems investors are now more optimistic. 

Bitcoin's price now is about $31,400, so it remains well off its peak price of nearly $69,000 in late 2021. 

Does that mean it's smart to buy this top cryptocurrency while it's still below $40,000? Let's take a closer look at why I think it just might be. 

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Source Fool.com