Bitcoin Bear Market Set to End: Long-Term Investors See Upside

History suggests that Bitcoin's current bear market will end later this year, and investors should consider dollar-cost averaging to mitigate risks.

As of August 22, Bitcoin is trading 41% off its peak, with sentiment extremely low, which theoretically increases the upside. The investment community remains concerned about the quantum computing threat and a higher-for-longer rate environment.

The cryptocurrency's price could continue falling in the near term, but long-term investors believe that Bitcoin's bull case depends on its ability to become widely held as a store of value. Its fixed supply of 21 million units makes it attractive compared to fiat currencies with unlimited supply.