Bitcoin (CRYPTO: BTC) continues to prove the skeptics wrong. After a wonderful 120% rise in 2024, the world's oldest and most valuable cryptocurrency has soared more than 440-fold during the past 10 years. It has outperformed every other major asset class, and it's not even close.

It now trades about 11% off its peak, which was set in mid-December. Is Bitcoin a once-in-a-decade buying opportunity now while it trades at about $95,000? Here are five reasons I believe it is.

The Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs) exactly a year ago. These ETFs have found remarkable success, as billions of dollars have flowed into them.

It has become easy for anyone to gain exposure to Bitcoin in their portfolio. Increasing convenience and accessibility undoubtedly reduces friction for investors. This is what the spot ETFs have done, providing more demand for Bitcoin.

Washington has become more accepting of Bitcoin. President-elect Donald Trump has said he'll create a Bitcoin strategic reserve, and he wants the U.S. to be more supportive of mining operations.

It's also worth mentioning that Trump's pick for Treasury secretary, Scott Bessent, owns hundreds of thousands of dollars' worth of Bitcoin ETFs (that he's said he will divest himself of to avoid conflicts of interest). His exposure to the leading crypto is a vote of confidence.

We're also seeing major financial institutions -- banks, asset managers, and hedge funds -- becoming bullish on Bitcoin. This positive sentiment only helps the digital asset's trajectory.

Since the Great Recession, the M2 money supply of the four major central banks (in the U.S., China, Europe, and Japan) has more than doubled. They all pumped money into their respective economies to get out of that recession 15 years ago, as well as to keep things afloat during the coronavirus pandemic.

Here in the U.S., the burgeoning fiscal deficit means the dollar is always losing purchasing power. Here's where Bitcoin stands out, as its price has skyrocketed.

It's true that for Bitcoin's price to keep rising over time, investors need to learn more about its advantages over constantly debased fiat currencies. Bitcoin's fixed supply cap of 21 million coins and its decentralized and global user base make it a compelling asset. This is supported by the fact that there is really no end in sight to the federal government's growing debt burdens.

The total market cap of global equities, bonds, and real estate is estimated at $500 trillion. That is a gargantuan sum.