A growing number of long-term bitcoin investors are increasing their bitcoin stashes as bitcoin moves into 2022. They hope that a December dip is just a seasonal blip.
Bitcoin drops 40% from record to hit the lowest level since September
Bitcoin fell below $42,000 on Friday, continuing a week-long decline that has been ongoing since September.
Bitcoin has plunged 32% from its all-time high this year.
Investors can still take advantage of the tax loophole to help them wait for cryptocurrency’s return. Bitcoin closed the year with a 32% decline from its November high of $68,000.