Why Analysts Say Now Is the Time to Purchase Bitcoin

For the past several days, Live Bitcoin News has reported on the fact that bitcoin has entered a freefall that has caused it to lose roughly half its value over the course of a few short weeks.

Maybe It’s Time to Buy Bitcoin

It’s a scary thought at first, but many analysts and professional traders are telling people that now is the time to get even more involved in the market.

At first glance, whenever economic strife hits us, the first instinct for most people is to run away and think about something else, and this attitude also applies to bitcoin. Simon Peters – an analyst with the cryptocurrency exchange e-Toro – states:

Previously seen as a possible safe haven in difficult times, investors now seem to be selling out of bitcoin to take back liquidity in case the coronavirus spreads even further. In a time of uncertainty, many investors might feel it is better to own cash or gold rather than more speculative crypto assets like bitcoin, while others might be looking to free up…