Down 30% From Its High, Is Now the Time to Add Bitcoin to Your Portfolio?

Core Insights - The cryptocurrency market has experienced significant volatility, with Bitcoin declining approximately 24% in the past month, reaching levels not seen in months as of November 20 [1] - Bitcoin is currently trading around $90,000, down about 30% from its all-time high of $126,198 in October, raising concerns about high valuations and potential market bubbles [2] Investment Opportunities - The recent drop in Bitcoin's value may present a buying opportunity for investors who missed previous gains [3] - There is notable excitement around Bitcoin, with support from influential figures like President Donald Trump advocating for crypto-friendly policies and an increasing number of corporations holding Bitcoin [4] - Cathie Wood of Ark Invest projects Bitcoin could exceed $1 million by 2030, despite recently adjusting her previous estimate down by $300,000 due to the rise of stablecoins [5] Market Concerns - The decline in Bitcoin's value coincides with growing economic concerns and uncertainty regarding potential interest rate cuts, which could impact investor sentiment [6] - Bitcoin's volatility is highlighted as a risk factor, particularly during periods of economic uncertainty, as seen in previous market struggles [7]