3 Reasons to Consider Investing in Bitcoin, Despite Market Volatility

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Amid meme-stock mania and a tech-startup-induced frenzy, Bitcoin hit new highs in late 2021, topping out at just over $68,000 per coin.

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Since then, the price plummeted almost 50% in volatile trading to start the new year. The spectacular rise and fall of Bitcoin have left many wondering if it's too late to invest.

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However, if you zoom out on the historical timeline, many think we are still in the early innings of a technology poised to change the world. An investment in Bitcoin in early 2017 would be up more than 3,500% at today's prices, even after the recent decline.

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Here are three things to consider if you are thinking about buying Bitcoin in 2022.

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Keep an Eye On Institutional Adoption

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In an interview with Barron's, Cathie Wood of ARK Invest believes that if institutional investors added a 5% allocation to Bitcoin, the price could easily rise to the $400,000 to $500,000 range.

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