Bitcoin Hit Lows Not Seen Since 2024: Is It Time To Buy?
- - Bitcoin Hit Lows Not Seen Since 2024: Is It Time To Buy?
G. Brian DavisFebruary 10, 2026 at 8:35 PM
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After passing $126,000 in October 2025, bitcoin lost more than half its value to hit a recent low around $60,000 before bouncing back up to the high $60,000s as of Feb. 9.
Should you buy the dip in bitcoin or avoid the capstone cryptocurrency like the plague?
The Bull Case
Anupam Satyasheel of advisory firm Occams reminded coin holders that we’ve been here before. “Bitcoin’s price behavior is cyclical, not linear. Historically, steep drawdowns have preceded explosive rebounds,” he said.
The best time to buy any asset, of course, is when everyone else is panicking about it. He recommended dollar-cost averaging over trying to time the market, slowly and steadily buy more bitcoin every week.
One of the greatest appeals of cryptocurrencies remains despite the price collapse: distrust in government. As governments around the world spend and borrow more, the risk rises that they’ll devalue their fiat currencies.
“No government can print more bitcoin, freeze it, or tell you where you can send it,” said Chris Seedor of Bitsurance. “The protocol rules, the issuance schedule and the validation model haven’t changed — it’s just cheaper than it was yesterday.”
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The Bear Case
Bitcoin was always a speculative asset, not an investment. The difference: Investments generate revenue, which anyone can measure and assign a value based on cash flow. Easy examples include stocks, bonds and real estate.
Finance professor Robert Johnson, Ph.D., at Creighton University offered a stark reminder of how people win or lose money speculating. “There is no way to value cryptocurrencies other than the greater fool theory: the hope that some greater fool will pay you more than you paid,” he said.
Other bears point to the old argument that bitcoin serves as “digital gold.” That theory looks pretty debunked in 2026, after gold exploded more than 70% over the past year compared with bitcoin’s 29% collapse.
Then there’s the fact that crypto bulls got nearly everything they wanted in 2025 — and values still cratered. “We saw the launch of U.S. bitcoin ETFs, a crypto-friendly president and easing crypto regulations, leaving just the harsh reality that bitcoin has little true utility,” said Vince Stanzione, trader and author of “The Millionaire Dropout.”
All of these arguments highlight the heart of the problem: What’s bitcoin’s intrinsic value? It doesn’t generate revenue, it’s too volatile for transacting as a currency, and it doesn’t mimic gold in hedging against geopolitical risk or currency devaluation. Bitcoin bulls need a fresh argument for its value if they want more of those greater fools to buy in and reinflate the price.
Editor’s note: This article is for informational purposes only and does not constitute financial advice. Investing involves risk, including the possible loss of principal. Always consider your individual circumstances and consult with a qualified financial advisor before making investment decisions.
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This article originally appeared on GOBankingRates.com: Bitcoin Hit Lows Not Seen Since 2024: Is It Time To Buy?
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