The current bear market for Bitcoin has investors wondering whether it's time to sell now or hold on for five more years.
Bitcoin's price has dropped significantly, trading at roughly half its all-time high of $126,000 from last October. This isn't the first time the cryptocurrency has experienced a massive price dip, and history suggests that it will recover.
Major financial institutions are continuing to launch Bitcoin-related offerings, such as Morgan Stanley's Bitcoin spot exchange-traded fund in April and Charles Schwab's crypto trading platform. These moves demonstrate investor confidence in Bitcoin's long-term potential.