New year, new goals, right? If you’re looking to set up your crypto portfolio this January for long-term success, I believe there is one cryptocurrency that should be prioritized by all investors: Bitcoin (BTC).
There’s no reason to mince words: Bitcoin (and all of crypto, for that matter) had a horrible 2022. Critics are once again writing off the digital currency. Yet if history has taught us anything, it’s that this is when there is the most to gain.
Been there, done that
In Bitcoin’s 14-year existence, it has gone through about three bear markets; some might argue and say there have been four. Either way, the point is that Bitcoin is no stranger to declines of 70% or more.
From an all-time high of $1,147 in 2012, Bitcoin plummeted to as low as $177 in the course of a little more than a year — a whopping 85% drop. After notching another all-time high just shy of $20,000 in December 2017, it then tumbled the next year all the way down to $3,200 — another decrease of more than 80%.
Hindsight is always 20/20, but looking back on those previous plunges, naysayers were in…
