Bitcoin Was Down 16% in 30 Days. Here's Why I Bought More.
Until Sunday's social-media announcement from President Donald Trump about the planned strategic cryptocurrency reserve, Bitcoin (CRYPTO: BTC) wasn't doing so well, falling by 17% in the prior month. Now, it's almost entirely recovered. With an investment in stocks, that kind of volatile performance could send investors running for the hills.Still, I have been buying Bitcoin, and I plan to continue to buy even more of it. Here's why.There aren't too many assets with a more favorable balance of supply and demand dynamics over the long term, especially not in the cryptocurrency sector.Continue reading
Until Sunday's social-media announcement from President Donald Trump about the planned strategic cryptocurrency reserve, Bitcoin (CRYPTO: BTC) wasn't doing so well, falling by 17% in the prior month. Now, it's almost entirely recovered. With an investment in stocks, that kind of volatile performance could send investors running for the hills.
Still, I have been buying Bitcoin, and I plan to continue to buy even more of it. Here's why.
There aren't too many assets with a more favorable balance of supply and demand dynamics over the long term, especially not in the cryptocurrency sector.
