Key Points
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At almost two decades old, Bitcoin has developed a dominant brand name, deep liquidity, and powerful network effects.
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With a hard supply cap of 21 million units, this cryptocurrency’s scarcity is an invaluable feature.
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Bitcoin’s history is full of volatile cycles, but patient investors have always been rewarded.
At roughly $63,000, Bitcoin(CRYPTO: BTC) currently trades 50% off its record high from October last year (as of July 9). The bear market is certainly testing investor confidence in the digital asset. This is particularly true since the stock market is close to its peak right now.
You might be wondering whether Bitcoin is a good cryptocurrency for long-term investors. Here are three reasons why I believe it’s a smart buy…
