Should You Sell Bitcoin Now or Hold for 5 More Years?
In the current market environment, even the strongest bulls are having their conviction tested.
Overview
Investors are losing confidence in Bitcoin (CRYPTO: BTC), which is trading 51% below its record of roughly $126,000 from last October (as of June 10). During a time of geopolitical risk and inflationary pressures, it should perform well. This isn't happening. And it's forcing investors to reassess their portfolios.
The chief cryptocurrency is in the middle of a bear market, which can be stomach-churning. This is testing the conviction of its strongest supporters.
Details
Is it time to sell Bitcoin right now? Or is holding for five more years the wiser choice?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.