In November 2021, Bitcoin (CRYPTO: BTC) looked unstoppable as its price approached $70,000 per coin. Since then, the cryptocurrency has lost nearly 70% of its value and it now trades for about $19,000.

Was this just a big financial experiment gone bust, or should investors continue to look at Bitcoin as a possible vehicle for building a diversified investment portfolio?

It's certainly possible that the king of cryptos has seen its best days, but there's also plenty to be optimistic about. When you consider Bitcoin's history of sell-offs and recoveries and an important upcoming event, this crypto looks quite attractive at current prices.

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Source Fool.com