This Is the One Crypto You'll Regret Not Buying Right Now

Right now, there's extreme fear in the cryptocurrency market. The CoinMarketCap crypto f ear and greed index is at 19 (out of a possible 100), suggesting that many market participants are ready to throw in the towel on Bitcoin (CRYPTO: BTC) .

But that would most likely be a mistake. A price tag near $83,000 might sound hefty for a volatile digital asset during a time of extreme market uncertainty. However, Bitcoin is trading at a significant discount from an all-time high of $109,000 less than two months ago. If history is any guide, this might be one of your last opportunities to buy it at such a bargain price.

What are the Bitcoin bears saying?

Understandably, the current fear, uncertainty, and doubt (FUD) over tariffs, trade wars, and a possible recession have many people on tenterhooks these days. Add in the fact that someone you know might be getting fired from the U.S. government thanks to the Department of Government Efficiency, and it can be scary.

No wonder, then, that the Bitcoin bears are out in force these days. According to a new report on the crypto market from 10X Research, Bitcoin's price might fall all the way to $73,000 before it recovers. And a number of prominent crypto investors such as Arthur Hayes are now suggesting it could even drop below $70,000.

But so what? That was almost the exact price that Bitcoin was trading at on Election Day, so it just means that we're back to November 2024 with it.

We've gone through a period of extreme euphoria under the Trump administration, and now we're experiencing a period of extreme fear. It's "animal spirits" at work, and it is likely having a direct impact on your daily mood -- all the more so if you have signed up for Bitcoin price alerts on your phone.

Bitcoin's history of market resilience

Keep in mind: Over the past 15 years, Bitcoin has always been able to rally from dips and major market declines. According to Cathie Wood of ARK Invest, it has experienced five distinct periods in its history when it has lost 77% or more of its value. And each time, it has bounced back better than before to hit a new all-time high.

Over just about any four-year period you want to choose, Bitcoin has been one of the best-performing assets in the world. In fact, in the decade from 2011 to 2021, it was the best-performing asset in the world, and it wasn't even close. Crypto was also the best-performing asset class in the world last year, led by Bitcoin prices more than doubling.

From this perspective, the current downturn in Bitcoin is not nearly as disastrous as some would suggest. Past performance is no guarantee of future results, of course, but the digital coin's historical record should give you some comfort right now.

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