Should you invest in Bitcoin (BTC -0.4%)?

Should one consider investing in Bitcoin, despite its recent price drop of 0.4%? With the cryptocurrency market experiencing significant volatility, is it wise to take the risk and potentially reap the rewards, or should investors steer clear to avoid potential losses? What factors should one consider before making such a decision, and what are the potential benefits and drawbacks of investing in Bitcoin? Additionally, what are the long-term prospects for Bitcoin, and how might it fit into a diversified investment portfolio?