Is It Too late to Buy Bitcoin as It Threatens $100,000?

From Nasdaq: 2024-11-22 14:06:00

Bitcoin (CRYPTO: BTC) is on a tear, hitting new all-time highs and hovering near $100,000, thanks in part to the incoming pro-crypto administration. With spot ETFs now approved, institutional investors are pouring in, offering liquidity and legitimacy. However, retail investors remain cautious, with less than 15% owning digital assets.

Timing is key – Warren Buffett’s advice to be fearful when others are greedy could apply here. While Bitcoin is soaring, it may be wise to wait for a potential pullback. But historical data shows buying at all-time highs isn’t as bad as it seems. Investing in Bitcoin could still yield significant returns, especially with institutional backing.

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