Justin’s note: Bitcoin has broken down.
It fell below $6,000 last week, after trading in an extremely tight range for months. And it’s been in free fall ever since.
It’s now down 25% over the last 6 days, and trading at its lowest price since October 2017.
Naturally, this has a lot of cryptocurrency investors worried… including many Casey Research readers. So I got our in-house cryptocurrency expert Marco Wutzer on the phone to see what he thinks about this sell-off.
Marco is the editor of our newest advisory, Disruptive Profits. He’s also an early bitcoin adopter. He first bought bitcoin in 2010 when it was trading for less than $2, and has been through several major downturns since then.
Below, Marco shows why the recent drop isn’t a reason to panic – it’s an opportunity to buy…