With Bitcoin Down 21% in 1 Month, Is It Still Worth Buying and Holding Forever?

There's a swath of different issues that its detractors point to as being reasons to sell it.

All those reasons are inherently short-term or otherwise non-permanent.

Every Bitcoin sell-off arrives with its own funeral procession. Bitcoin (CRYPTO: BTC) has shed about 21% in a month, and, right on cue, the eulogies are back.

The most common reasons people cite for Bitcoin being dead are that lots of exchange-traded fund (ETF) capital is exiting, which has coincided with sentiment being extremely grim for months on end. That's before even discussing Strategy , which is supposedly the last deep-pocketed buyer still standing, and which just sold some of its hoard for the first time in years.

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It's true that there's a confluence of bearish forces at play right now, and they're pushing down the price of the coin quite forcefully. Let's investigate whether that invalidates Bitcoin's investment thesis, so we can determine if it's still worth buying and holding forever.

Spot Bitcoin exchange-traded funds (ETFs) just saw outflows of $4.4 billion across 13 straight sessions, which is the longest outflow streak since the ETFs launched in 2024. At the same time as sales have accelerated, demand is lower.

There's a macro backdrop of rising inflation, considerable geopolitical (and thus economic) uncertainty, and an exuberant stock market driven by hype around AI stocks and an upcoming massive IPO season. In this economy, an old cryptocurrency that's been falling for months is a tough sell to most investors.