CNBC: The Right Time To Buy Bitcoin Might Be Now
Major business media outlets usually have a negative tone towards Bitcoin and other cryptocurrencies. But today, CNBC had quite the opposite approach when sharing a Twitter video with their almost 3 million followers regarding when the right time to buy Bitcoin is. So when is the best time to buy Bitcoin? According to the video, it might be now.
The analysis was made using the Bitcoin misery index, created by financial analyst Thomas Lee, who is a longtime advocate for Bitcoin and other cryptocurrencies.
Thomas Lee has appeared on TV numerous time discussing the future of Bitcoin, he recently revealed that he predicts Bitcoin to hit $25,000 by the end of this year and are therefore advising Bitcoin investors to hodl.
Bitcoin has had a rough year so far, but investors are still optimistic about the long-term growth of Bitcoin. Many have also pointed out, that despite Bitcoin’s price not being at an all-time high, Bitcoin itself is at an all-time high in regards to the actual product and usability.