Gracy

Bitcoin

April

Time

<p>The crypto market, often unpredictable, has just experienced a new jolt with a marked decline in Bitcoin. While some see this drop as a rare opportunity, others believe it would not be wise to bet on such a volatile currency.</p> 
<h2 id="the-current-drop-and-market-reactions">The current drop and market reactions</h2> 
<p>So, is it really wise to buy during this drop? Gracy Chen, CEO of BitGet, recently shared her view on the opportunity to buy Bitcoin during the current drop. According to her, price levels such as $43,000 to $45,000, or even $47,000, represent attractive entry points to strengthen one’s personal Bitcoin portfolio. “<em>I am in the camp of buyers during dips</em>,” she affirmed, emphasizing that even at previously high levels like $60,000, she continued to accumulate.</p>
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<p>The recent decline in Bitcoin, which saw <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noreferrer noopener">its price</a> drop from $60,000 to $49,000 in less than twenty-four hours, surprised many investors. This volatility, characteristic of Bitcoin, always sparks strong reactions in the market. Yet, for major players like MicroStrategy, <a href="https://www.coindesk.com/video/is-now-a-good-time-to-buy-the-dip/" target="_blank" rel="noreferrer noopener">this drop is just another buying opportunity</a>. Bitcoin’s history is marked by significant corrections followed by impressive recoveries, suggesting that these drops can offer unique buying opportunities for those with a long-term perspective.</p> 
<p>The debate over the wisdom of buying during drops is also fueled by Bitcoin’s historical performance. For example, in April 2020, Bitcoin had dropped by more than 40% before rebounding and surpassing its previous all-time highs. This ability to bounce back after major corrections reinforces the idea that the current drops could represent strategic buying opportunities for savvy investors. </p> 
<h2 id="h-bitcoin-s-strong-fundamentals-despite-the-price-drop">Bitcoin’s strong fundamentals despite the price drop</h2> 
<p>The recent Bitcoin correction, while impressive, does not in any way reflect a degradation of its fundamentals. On the contrary, Bitcoin’s solidity as the most decentralized crypto remains intact. This essential characteristic gives it unique resilience against censorship and external control, crucial elements for the confidence of investors and users. The Bitcoin network, supported by a vast community of miners, is one of the most secure in the world, thus ensuring the continuous reliability of its operations.</p> 
<p>Furthermore, the increasing inflationary pressure on fiat currencies and the rising public debts worldwide underscore the appeal of Bitcoin as a store of value. With a capped supply of 21 million coins, Bitcoin stands out significantly from traditional currencies, whose creation is potentially unlimited. This programmed scarcity becomes particularly attractive for those looking to protect themselves against rampant inflation and expansive monetary policies.</p> 
<p>The institutional adoption of Bitcoin also reached a major milestone with the approval of spot Bitcoin ETFs in January. This official recognition allowed large institutional investors to diversify their portfolios by including Bitcoin, signaling an increasing integration of the cryptocurrency into the traditional financial system. This dynamic, combined with broader acceptance, suggests that Bitcoin continues to gain legitimacy and appeal among traditional investors.</p> 
<p>Ultimately, it can be noted that market corrections like <a href="https://www.cointribune.com/en/bitcoin-falls-by-16-in-one-day-a-record-since-ftx/" target="_blank" rel="noreferrer noopener">the current one</a>, while alarming in the short term, can offer interesting buying opportunities for informed and patient investors.</p>

Bitcoin Below $60,000: The Perfect Time to Buy?

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