Bitcoin Bear Market Buying Power: Here’s Why There’s Still Time to Invest in BTC Cryptocurrency

It's been ten years since Bitcoin came into existence after the recession of 2008 as a way for a peer to peer exchange while eliminating the middlemen like banks and financial institutions. In mid-2010, Bitcoin was first listed on an crypto exchange at a mere $0.30. The initial price was minuscule but going forward, it only went higher as Bitcoin hit its peak at $20,000 in 2017. So, does it mean the time to invest in Bitcoin is gone? The time has never been right, to put it clearly. The buying power bitcoiners have during a bear market can be enormous - knowing where it has been - near $20,000 USD, and the fact that it can get there again as fundamentals and adoption continue its upward trend despite a BTC price value not reflecting this yet. On the price front, Bitcoin is following a cycle where it goes through a period of bear market and bull market. Currently, Bitcoin is trading around $4k, down about 80 percent from its peak. Though, it goes without saying that Bitcoin is a risky