After 2022 Price Collapse, Should You Invest in Bitcoin?

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Amid meme-stock mania and a tech-startup-induced frenzy, Bitcoin hit new highs in late 2021, topping out at just over $68,000 per coin.

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An investment in Bitcoin in early 2017 would be up more than 3,500% at today’s prices, even after the recent decline.

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Here are three things to consider if you are thinking about buying Bitcoin in 2022.

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Keep an Eye On Institutional Adoption

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Focus on the Long Term

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Understand the Potential Risks

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Visit WealthyNickel.com to learn how to save money and invest!

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After 2022 Price Collapse, Should You Invest in Bitcoin?

After 2022 Price Collapse, Should You Invest in Bitcoin?

Amid meme-stock mania and a tech-startup-induced frenzy, Bitcoin hit new highs in late 2021, topping out at just over $68,000 per coin.

An investment in Bitcoin in early 2017 would be up more than 3,500% at today’s prices, even after the recent decline.

Here are three things to consider if you are thinking about buying Bitcoin in 2022.

Here are three things to consider if you are thinking about buying Bitcoin in 2022.

Keep an Eye On Institutional Adoption

Currently, Bitcoin represents a tiny portion of all investment assets held by hedge funds, pensions, retirement accounts, and the like.

Focus on the Long Term

Bitcoin has been compared to investing in the internet in its early days, and investors should have a similar long-term outlook.

Understand the Potential Risks

While the potential future of Bitcoin looks bright, there are risks that investors should be aware of before making a purchase.

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Visit WealthyNickel.com to learn how to save money and invest!

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