Reported 8 months ago
Bitcoin (CRYPTO: BTC) has experienced significant growth in the past two years but has recently seen a dip from its all-time high. Despite the current price cooling off, it is seen as an opportunity to buy Bitcoin below $70,000. Short-term factors like Bitcoin's halving and the approval of spot Bitcoin exchange-traded funds are expected to drive its price higher. In the long term, Bitcoin's scarcity, decentralized nature, and appeal to younger investors suggest potential for significant price appreciation, with models supporting a possible $1 million valuation. The article suggests that investing in Bitcoin below $70,000 could be a compelling opportunity for the future.
Source: YAHOO