Bitcoin’s Moment: Is Now the Prime Time to Invest?

Bitcoin is having a moment. Following a couple of terrible years for the crypto, the asset is thriving once again thanks to a confluence of factors. And now, experts say it might be the prime time to invest.

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First, the approval by the Securities and Exchange Commission (SEC) of spot Bitcoin exchange-traded funds (ETFs) on Jan. 10, has attracted enormous interest and asset flows. And of course, Bitcoin also breached its previous all-time-high record in March.    

Another notable factor at play is the upcoming halving later this month. Indeed, experts said that historically, halvings — which happen every four years — have led to price appreciation, adding that this year should not be an exception.

So it’s no wonder that everyone from Mark Cuban, who recently said he would “buy Bitcoin over gold all day every day,” to Robert Kiyosaki who said he recently bought more Bitcoin, are being vocal as to the upward trajectory of the asset.

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With more and more institutional investors jumping on the Bitcoin bandwagon, the bullish case for buying more of it remains strong, said Vijay Marolia, co-founder, The Cash Square, adding that the asset’s inherent scarcity only adds to this bullish scenario.

“Add to that the fact that inflation has not gone away and the dollar has lost approximately 25% of its value in just the last few years,” he said. “Finally, the combination of MOMO [momentum trading] and FOMO [fear of missing out] will only add to the demand.”

While the asset is experiencing volatility ahead of the halving, it hovered around $66,000 on April 3 and is up 132% in the past year, according to CoinGecko.

“It has been a spectacular quarter for Bitcoin, peppered with all-time highs, record after record in ETF inflows, and characterized by a markedly nonchalant attitude to macro happenings,” said Lucas Kiely, Chief Investment Officer of digital wealth platform Yield App. “Fueled by institutional endorsement, BTC powered through every inflation report, ongoing regulatory hum hawing, and any and all corrections these past three months…