Is bitcoin a good investment if it's down 26% today?

The context: With the upcoming reward halving, ongoing turmoil in the larger economy and institutional ETF interest all hovering, bitcoin investors have reasons for optimism, even if the bitcoin price is down 2.6% today. The content of this article is not meant to constitute financial advice.

Is bitcoin a security?

There are no U.S. government agencies that classify bitcoin as a security (so far). Don’t confuse bitcoin with tokens, even though they are both referred to as types of cryptocurrency. Receiving bitcoin in exchange for goods and services is regulated as income, not a security.

Is bitcoin going anywhere?

Short-term volatility may exist, but long-term, bitcoin is not going anywhere.” The context: With the upcoming reward halving, ongoing turmoil in the larger economy and institutional ETF interest all hovering, bitcoin investors have reasons for optimism, even if the bitcoin price is down 2.6% today.

Is bitcoin ready for a bull market?

Bitcoin ’s relative strength index (RSI), a measure of price momentum, now suggests BTC has hit a local low and is ready for gains. And when the current market is compared to previous cycles, there’s reason to believe the next bull market is imminent.