During trading on Monday, Bitcoin briefly eclipsed its all-time high price, and was up by 177% for the year.
And if you currently own any Bitcoin, you could be forgiven for being a little nervous about it.
After all, the last time Bitcoin set a new all-time high was in December 2017 during the height of the first Bitcoin rally, when it reached $19,783. Five days later, Bitcoin had lost a third of its value. One year later, it had fallen all the way to $3,300.
But unlike in 2017, Bitcoin isn’t about to crash from these heights.
In fact, there are three big reasons why Bitcoin is going to keep powering higher, and why you should take any significant dip as a great opportunity to buy – even if you’ve never bought cryptocurrencies before.
Those that do could have some massive profits in store.