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Bitcoin Is Down 53%. Is It Finally Time to Buy?

The Motley Fool·
Bitcoin Is Down 53%. Is It Finally Time to Buy?

Bitcoin has plunged 53% from its October all-time high of $126,210, driven by high interest rates, Bitcoin ETF outflows, geopolitical instability, and a shift toward AI investments. Despite the volatility, Bitcoin bulls like Cathie Wood and VanEck analysts predict significant future gains, citing Bitcoin's capped supply of 21 million coins as a potential catalyst for recovery. The article suggests that Bitcoin's historical pattern of recovery after major sell-offs may present a buying opportunity for risk-tolerant investors.

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