Bitcoin’s recent tumble wasn’t linked to its fundamentals.
A crash is rarely a verdict on an asset’s future. Frequently enough, it isn’t even a verdict on much of anything other than how panicked some investors were at a specific period in time.
On that note, on Feb. 5, Bitcoin (BTC +3.88%) crashed by around 14% before recovering in the following days, and the broader crypto market shed enormous value in the same window. But does that mean Bitcoin’s tenure as the best cryptocurrency to buy is now definitively over, or is it just as appealing as ever for those who are patient?
Image source: Getty Images.
The causes for this sell-off are a bit of a mystery
First, let’s unpack why Bitcoin fell so much, because there isn’t yet a cohesive…






