Bitcoin (BTC -2.39%) has fallen over 60% from its highs and now faces more pressure from competing blockchains than it ever has before. It also has to deal with reduced trading volume and miners selling crypto rapidly. This video covers some reasons to be wary about jumping into Bitcoin right now.
*Stock prices used were the midday prices of Sept. 27, 2022. The video was published on Sept. 27, 2022.
Travis Hoium has positions in Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
