Should you buy bitcoin at its peak prices?

Even if you buy Bitcoin at its peak prices, historical growth trends could still yield market-beating returns over the long term. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Why did bitcoin rise to $50,000 on Monday?

In theory, pushes the price of bitcoin higher. Bitcoin rose to $50,000 Monday for the first time in two years, fueled by a rush of new-investor enthusiasm and growing anticipation over a cryptic-sounding event known as “the halving.”

Is bitcoin a good long-term investment?

The long-term investment pitch for Bitcoin is that more people will use it while supply growth simultaneously slows, meaning the price should rise. You could easily say Bitcoin has proven very volatile, but when you zoom out, you'll see the price has trended higher.

Should you invest in bitcoin in 2020?

“Which makes sense, because you expect with more demand constraints that prices increase.” In 2020, the reward went from 12.5 bitcoin to 6.25. This year, likely in April, it will go from 6.25 down to 3.125. Investors have good reason to be fired up, if they have the stomach to handle the short-term volatility that comes with crypto.