Many experts still hope that Bitcoin's persistence as a digital asset is the reason why it's still not too late to buy Bitcoin in 2022. Many experts still hope that Bitcoin's persistence as a digital asset is the reason why it's still not too late to buy Bitcoin in 2022.

Cryptocurrency prices are sinking to new lows. The price of Bitcoin recently fell to roughly $19 337,90 per token -- less than half of its all-time high of approximately $69,000 per token back in November.

It's not just Bitcoin, either. Ethereum is currently priced at around $1 641,04 per token, down from its record high of around $3,900 four months ago. In fact, the entire crypto market has shed nearly half its value over the last two months, with its market cap plummeting from nearly $3 trillion to just over $1.5 trillion.

If you've considered investing in cryptocurrency in the past, it may seem like it's too late to buy now that prices have fallen so significantly. However, right now could actually be the best time to invest. Here's why.

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Is It Too Late to Invest in Cryptocurrency?

By Katie Brockman - Jan 25, 2022 at 6:00AM

KEY POINTS

Leading cryptocurrencies have fallen by around 50% since November.

While this downturn can be unnerving, it's not necessarily a bad thing.

In some cases, a market slump can be the best opportunity to invest.

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Crypto prices continue to fall. Does that mean you've missed your chance to buy?

Cryptocurrency prices are sinking to new lows. The price of Bitcoin (BTC 3.24%) recently fell to roughly $33,000 per token -- less than half of its all-time high of approximately $69,000 per token back in November.

It's not just Bitcoin, either. Ethereum (ETH 8.45%) is currently priced at around $2,200 per token, down from its record high of around $3,900 two months ago. In fact, the entire crypto market has shed nearly half its value over the last two months, with its market cap plummeting from nearly $3 trillion to just over $1.5 trillion.

If you've considered investing in cryptocurrency in the past, it may seem like it's too late to buy now that prices have fallen so significantly. However, right now could actually be the best time to invest. Here's why.

Should you invest in crypto right now?

Market downturns can be intimidating, especially when they're as severe as the recent crypto crash. That said, they can also be a smart buying opportunity because prices are lower.

The price of Bitcoin is down more than 46% since mid-November. Ethereum is down more than 47% in the same time period. And Solana (SOL 5.96%) -- one of the fastest-growing cryptocurrencies of 2021 -- has plummeted by close to 60% over the last two months. While these numbers can be daunting, it also means the crypto market is essentially on sale right now.

If you've been on the fence about investing in crypto, now is one of the most affordable times to buy.

Also, while nobody knows for certain what the future holds for cryptocurrency, there's reason to believe prices will bounce back eventually. Investors are facing a period of economic uncertainty right now, especially after the Federal Reserve announced it will raise interest rates this year. As a result, many investors are moving away from riskier assets like crypto.

However, this uncertainty won't last forever. Eventually, investors will be willing to take on more risk, and when that happens, it's likely that cryptocurrency will boom once again. If you invest now when prices are at their lowest, you'll reap the rewards during the rebound.

Source - https://www.fool.com/investing/2022/01/25/is-it-too-late-to-invest-in-cryptocurrency/