Is it a good time to buy bitcoin

Bitcoin just hit an all-time high of over $66,000—but it's 'the least ideal time to buy,' one expert says

For example, take the new iShares Bitcoin Trust (IBIT -1.26%) from BlackRock. In just over one month, the fund has gone from holding zero Bitcoin to holding 100,000 coins. Investor inflows are coming in at $500 million per day. The iShares Bitcoin Trust ETF now has almost $7 billion in assets under management, and the new inflows show no signs of stopping. When is a good time to buy bitcoin Laith Khalaf, head of investment analysis at AJ Bell, cautions that Bitcoin investors need to keep the ‘FOMO’ in check, especially when it comes to something as febrile as crypto.

Is it a good time to buy bitcoin

Cryptocurrency has been a hot topic in the financial world, with Bitcoin leading the pack as the most well-known and widely used digital currency. It's hard to predict whether this cryptocurrency will become the global reserve currency or a store of value as widely accepted as gold. With its soaring value and potential for high returns, many investors have been enticed by the promises of Bitcoin. However, there are also skeptics who warn of its volatility and lack of regulation. Bitcoin price analysis Is Bitcoin worth buying at today’s price? There’s an argument that BTC is relatively ‘undervalued’, given its worldwide adoption and popularity with institutional investors. It’s clear that BTC’s downtrend is more to do with external factors rather than internal ones, leading many to speculate that another price rise could be looming.

The price targets are all over the map

Historically, the price of Bitcoin (and other cryptocurrencies) has been closely related to the halving cycle – about one to two years after each halving, the price of Bitcoin reached a new ATH ($1,170 in 2013, $19,400 in 2017, $67,770 in 2021). Going from historical data, the best years to buy crypto are the years when Bitcoin halving takes place, as they have always been followed by market rallies. Related articles Tech stocks and cryptocurrencies are now closely correlated and both find themselves in a tough situation, says Walid Koudmani, chief market analyst at financial broker XTB.

Is now the time to buy bitcoin

The good news is that investing in Bitcoin is actually quite simple. If you're purchasing through a stockbroker, it's a similar process to buying shares of a company. Otherwise, you may need to gather your personal information and bank account details. It's recommended to secure your network with a VPN prior to performing any Bitcoin transactions. Newsletter Sign-Up If you do choose to purchase digital currencies or tokens, recognize that they are new. There may be significant risk involved in putting your money into something that hasn’t been around very long. A good rule of thumb when investing in a new product is to only invest money that you are willing to lose, so that it’s not financially devastating if the investment doesn’t pan out. One way to spread risk is to diversify your investments. Don’t put all of your eggs in one basket. That way, if one of your investments loses money, the other investments can make up for it.