The best way to invest in Bitcoin (BTC -2.00%) is with a long-term buy-and-hold strategy, preferably by accumulating during pullbacks. Bitcoin is extremely volatile, but it has historically followed four-year cycles based on its long-term price data. You’re more likely to make a profit if you commit to holding it for at least five to 10 years.

I’ve been covering Bitcoin and other cryptocurrencies since 2021, and I’ve invested in them since late 2017. After experiencing several bull and bear markets and seeing how investor sentiment changes during each one, I’d argue that the easiest approach is simply holding through the ups and downs. If you want to potentially reduce risk and increase returns, you can base your buying and selling…