Bitcoin kicked off 2024 with explosive momentum, fueled by a wave of institutional adoption and regulatory milestones. Though the initial excitement has cooled, leaving prices trading below $65,000, the underlying fundamentals suggest this could be a strategic entry point for long-term investors. With Bitcoin currently 18% off its March 2024 all-time high, many are asking: Is now the right time to buy?
This article explores the key catalysts shaping Bitcoin’s trajectory, evaluates its long-term value proposition, and helps you determine whether accumulating Bitcoin at this price level aligns with your investment strategy.
Key Market Developments in 2024
2024 has been a landmark year for Bitcoin, marked by pivotal regulatory and macroeconomic shifts.
One of the most significant developments was the U.S. Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) in January. This decision opened the floodgates for mainstream and institutional investors to gain exposure to Bitcoin through traditional brokerage accounts—without the complexities of self-custody or crypto exchanges.
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Since launch, these ETFs have attracted over $17 billion in net inflows, signaling strong institutional confidence. This level of capital inflow not only boosts liquidity but also reinforces Bitcoin’s legitimacy in traditional finance circles.
Another major event occurred on April 19, 2024: the Bitcoin halving. Approximately every four years, the block reward given to miners is cut in half—a built-in mechanism designed to control supply inflation. This most recent halving reduced the reward from 6.25 to 3.125 BTC per block.
Historically, halvings have preceded major bull runs. In the 12 to 18 months following previous halvings (2012, 2016, 2020), Bitcoin experienced exponential price growth. While past performance doesn’t guarantee future results, the current market cycle appears to be aligning with historical patterns.
Macroeconomic Tailwinds and Political Support
Beyond internal network dynamics, external macroeconomic factors are increasingly favorable for Bitcoin.
The Federal Reserve, after aggressively hiking interest rates in 2022 and 2023 to combat inflation, is widely expected to begin cutting rates in late 2024 or early 2025. Lower interest rates typically encourage risk-taking in financial markets. As investors seek higher returns, assets like Bitcoin—classified as high-risk, high-potential-reward—tend to attract more capital.
Additionally, the 2024 U.S. presidential election has brought cryptocurrency into the political spotlight. Both major candidates have addressed crypto policy, with growing bipartisan recognition of its economic importance. Notably, Donald Trump stated in July 2024 that he wants the U.S. to become the “crypto capital of the planet,” a stance that could lead to more innovation-friendly regulations if enacted.
This evolving political landscape reduces regulatory uncertainty—an important factor for investor confidence.
The Long-Term Value Proposition of Bitcoin
While short-term price movements and news cycles grab headlines, the most compelling reasons to invest in Bitcoin are rooted in its long-term structural advantages.
Scarcity by Design
Bitcoin’s most defining feature is its fixed supply cap of 21 million coins. Unlike fiat currencies, which central banks can print indefinitely, Bitcoin’s monetary policy is transparent, predictable, and unchangeable without consensus from the entire network.
As of now, over 94% of all Bitcoin has already been mined. This artificial scarcity—combined with growing demand—creates a powerful economic dynamic. Many investors view Bitcoin as “digital gold,” a hedge against currency devaluation and inflation.
A Hedge Against Financial Instability
Traditional financial systems rely on ever-expanding money supply and rising debt levels. In contrast, Bitcoin operates independently of central banks and government policies. Its decentralized nature makes it resistant to censorship, seizure, and manipulation.
For investors concerned about long-term fiat currency debasement, Bitcoin offers an alternative store of value. As global debt continues to rise and monetary policies remain expansionary, assets with fixed supplies become increasingly attractive.
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Should You Buy Bitcoin Below $65,000?
Given the current price environment and macro backdrop, buying Bitcoin below $65,000 could be a prudent move—for the right investor.
Consider the following:
- Historical context: Bitcoin has experienced multiple cycles of sharp drawdowns followed by new all-time highs. An 18% correction is relatively mild compared to past bear markets.
- Catalyst alignment: The confluence of ETF approvals, halving effects, and potential rate cuts creates a favorable setup for price appreciation.
- Institutional adoption: With major financial firms now offering Bitcoin exposure, the asset is becoming more integrated into the mainstream economy.
- Long-term horizon: Bitcoin is best suited for investors with a 5- to 10-year time horizon who can tolerate volatility.
That said, Bitcoin remains a highly volatile asset. It should only constitute a portion of a well-diversified investment portfolio. Never invest more than you can afford to lose.
Frequently Asked Questions
Is Bitcoin a good investment in 2025?
Yes, for long-term investors. With macro tailwinds, institutional adoption, and supply constraints, Bitcoin is positioned for potential growth in 2025—especially in the post-halving cycle.
What happens when Bitcoin hits $100,000?
Reaching $100,000 would represent a new psychological milestone. Historically, such breakthroughs have triggered FOMO (fear of missing out) buying and accelerated price momentum. However, volatility would likely increase during such moves.
How does the halving affect Bitcoin’s price?
The halving reduces the rate of new supply entering the market. With demand remaining constant or increasing, this scarcity can drive prices higher over time—especially as investor awareness grows.
Can Bitcoin replace traditional money?
While unlikely to fully replace fiat currency soon, Bitcoin serves as an alternative store of value and hedge against inflation. Its role as “digital gold” is more realistic than immediate widespread transactional use.
Is it safe to buy Bitcoin now?
Yes, especially through regulated platforms or ETFs. However, always use secure storage methods (like hardware wallets) if holding long-term, and never share private keys.
How much should I invest in Bitcoin?
This depends on your risk tolerance and financial goals. Many financial advisors suggest allocating 1% to 5% of a portfolio to crypto as a speculative but high-growth asset.
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Final Thoughts
Bitcoin’s current price below $65,000 presents a compelling opportunity for those who believe in its long-term vision. While short-term fluctuations are inevitable, the convergence of ETF adoption, halving-driven scarcity, favorable monetary policy, and political support paints an optimistic picture for the next phase of growth.
Rather than timing the market perfectly, focus on dollar-cost averaging and holding for the long term. By doing so, you position yourself to benefit from Bitcoin’s potential without being swayed by daily price noise.
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