Bitcoin Is Down 25% From Its All-Time High. Here's Why It's Still a Buy.

The price of Bitcoin (CRYPTO: BTC) has now fallen through the $80,000 level, and some analysts are now warning that $70,000 is next. Bitcoin is now down nearly 25% since it reached an all-time high of $109,000 on Inauguration Day, and investors are understandably concerned.However, there are three strong factors in Bitcoin's favor that appear to suggest that markets are overreacting right now. Let's take a closer look.Admittedly, there has been a net outflow of the spot Bitcoin exchange-traded funds (ETFs) over the past few weeks. That makes sense. Many investors are panicking and pulling their money out of risky assets such as Bitcoin. Some of this money is likely flowing into gold ETFs as investors shift their focus to gold as the ultimate safe haven right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool