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Milei Denies Wrongdoing in His First Defense of Crypto Debacle

(Bloomberg) -- President Javier Milei spoke out for the first time about a cryptocurrency scandal that’s dented his reputation in Argentina, triggering lawsuits and even calls for his impeachment.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityMilei confi

Should You Buy Bitcoin If There's a Dip Soon?

Let's evaluate the case for whether Bitcoin is a coin that's always worth buying on the dip, or whether it's a better idea to keep your cash when it isn't performing well. There's no law of the universe that says Bitcoin's price has to go up again after it falls significantly -- though it has tended to so far. Finally, you can't change anything about those facts, nor can you be certain that buying it is going to be a good rate of return on your capital even over long holding periods.