Bitcoin has reached $118,000 in value. Is this the beginning, or is it too late to buy?
Bitcoin reached an all-time high of $118,000 on June 11, 2025, capping a ten-year journey that many people thought had already peaked several times. It was trading between $40,000 and $60,000 just a year earlier. You’re not alone if you didn’t purchase at that time. Many investors passed on it because they thought Bitcoin had already run its course or because they thought the price was too high. However, we have reached yet another record.
There have been 431 announcements of Bitcoin’s demise, each from well-known economists, bankers, or big magazines, according to a website that tracks “Bitcoin obituaries.” However, Bitcoin is still growing in spite of several forecasts of its demise or obsolescence. A person would have been worth almost $122 if they had invested $100 each time such a death notification appeared.
The All-Time High Fallacy
People have told me, “I wish I had bought earlier,” ever since 2016. However, the response is consistently the same: “It’s too costly now.” “How do you know it’s the peak?” is a question I frequently pose. Are there crystal balls in their possession? A model of valuation that is proprietary? In actuality, nobody does. My position has changed. I used to declare that until Bitcoin reached $1 million, I wouldn’t think about selling it. I updated that to $2 million per Bitcoin today. I’m not sure if it will happen today or in five years, but I’m still convinced.
In my opinion, Bitcoin is the currency of the future. A limited, decentralized, non-sovereign store of value, it is digital gold. The current worldwide market capitalization of Bitcoin is a little over $2 trillion, while that of gold is over $22 trillion. Bitcoin would likely cost around $1 million per coin if its market capitalization were to match that of gold.
Gold can be used in jewelry, according to skeptics. However, the usage of gold in jewelry is primarily symbolic, aside from cultural preferences (particularly in India). Historically, its true use has been as a store of value in money. With the extra advantages of portability, divisibility, and digital verifiability, Bitcoin serves this purpose. In ancient India, women’s parents would give them gold as an asset so that when they are in need, they have something with them.
As they were unemployed, they could pledge or sell this as it belonged to them in times of need. This is changing even in India, where women are becoming financially independent because of their work, and even in wealthy families, ladies no longer wear ostentatious displays of gold in their weddings. In this day and age, you don’t need to flash gold to show off your wealth, ego, and pomp. For that, there are vehicles, destination weddings, etc. Poorer families and the middle class will also be affected.
Additionally, Bitcoin is quite rare, in contrast to gold. A new, unidentified gold man may be found here, on Mars, or on an asteroid. There will only ever be 21 million coins, and 4–5 million of those will likely be lost forever. In the United States alone, there are 23 million millionaires. It is no longer possible for any millionaire to own an entire Bitcoin.
Since the decoupling of the U.S. dollar from gold in 1971, governments have been using fiat-based systems in which money can be created indefinitely. Politicians frequently print more in democracies to sustain public support for welfare, stimulus, and subsidy programs, which allows them to hold onto power.
Money is subtly devalued by this process. Scarce assets like equities, real estate, gold, and Bitcoin increase in value as fiat currencies lose their purchasing power. Bitcoin is the only one of these that is limited. The asset class has become even more legitimate with Donald Trump’s reelection and the rise of the crypto lobby. Institutional and ordinary investors who might not feel comfortable holding Bitcoin directly now have access thanks to the approval of Bitcoin ETFs. Research indicates that Gen Z and Millennials are more in favor of Bitcoin.
In my opinion, bitcoin will eventually either be equal to gold in terms of market capitalization or take its position as a store of value. The key question is whether bitcoin, which is worth USD 118,000 per unit, is too costly or inexpensive to include in your portfolio to guard against inflation. If you want to add it to your portfolio and you believe in it, how do you buy it?
How to Buy Bitcoin
You might choose to purchase Bitcoin in India through an exchange such as CoinDCX. You can purchase it on Coinbase or Kraken in the United States. You can now leave it there rather than moving it to your wallet if you’re afraid of forgetting passwords. You run the danger of losing all of your bitcoins with no way to recover them if the exchange is hacked.
You can purchase an ETF like BlackRock’s IBIT if you think that the government and SEC have strict regulations over the markets. Being a 10 trillion dollar asset manager, you can be sure that BlackRock will cover you in the event of a cyberattack because they have a reputation to uphold.
BlackRock will acquire $100 worth of bitcoin and keep it with a custodian each time you buy $100 worth of ETF. Purchase an ETF if you think that thieves might target you while you’re traveling and grab your bitcoins because they’re protected by the custodian.
If you are an investor like Warren Buffett, you will never purchase stocks that don’t generate cash flow, dividends, or even gold. However, you can purchase shares in bitcoin miners, which will do well if they have a strong management team and rising bitcoin values. Because mining is a very capital-intensive business, there is a chance that many miners could go bankrupt when Bitcoin values plummet. Bitcoin may drop in value at that point, but it will still be in your wallet. If you own shares in a publicly traded mining business and it files for bankruptcy, the value of your equities will drop to zero.
Allocate to Bitcoin the Smart Way
How much of your portfolio will be allocated to such a volatile asset type is the next question. Don’t invest a single cent in Bitcoin if you can’t handle even small declines. During the four years between its main drops, it fell 80–90%. You might wish to avoid such swings if you are unable to handle them financially or emotionally. You may easily invest 10–20% of your portfolio if you are a completely market-neutral investor. This way, when the market rises, it will expand by a respectable amount, and you can lose no more than 10%.
You might be willing to invest all or 100% of your portfolio in Bitcoin if you fall victim to the Bitcoin bug due to genuine beliefs and realize that fiat money’s purchasing power is declining and that the market capitalization of Bitcoin may eventually equal that of gold, potentially yielding 10–20 times returns. However, keep in mind that you run the danger of losing all of your savings. No reward, no risk.
The only special asset that you can carry with you wherever you go as long as you can remember the password is cryptocurrency. If you don’t have it in a centralized exchange, no censorship can take it away from you.
It’s Not All Up, Up, Up
Let’s now examine the actual dangers. Is it possible that the price of Bitcoin will plummet to zero? Is that feasible? Yes, it is. This is money, and belief is the foundation of money. Bitcoin will be worthless, and its value will drop to zero if people lose faith in it tomorrow, perhaps as a result of someone using quantum computing to crack the hash address’s private keys. At that time, it is hoped that a new quantum-resistant technique would be employed to protect your bitcoins instead of Schnorr Signatures or ECDSA.
Another risk is what if a new coin comes into being that replaces Bitcoin in this space? It surely can happen but has not happened yet. Bitcoin has the belief network effect supporting it. People just don’t change their beliefs.
Final Thoughts
Learn more about Bitcoin before purchasing it. Learn about decentralized exchanges, smart contracts, Ethereum, NFTs, stablecoins, and blockchain technology. Steer clear of bogus initiatives that promise “the next Bitcoin.” There are more than ten million failed coins throughout history that promised the moon but ended up bankrupt.
Is $118,000 worth of Bitcoin, then? Maybe. Or it may be a fresh start.
It would be more accurate to ask: Do you think that Bitcoin is a good idea?
It’s not about timing the market if you do. It’s about timing in the market and preparing for a future in which money might not look like what it does now.
Avoid falling for frauds and wasting your hard-earned money on people who try to convince you that you missed Bitcoin and that this new coin would surpass it. More than 10 million coins have been claimed to do so, but they are all buried in a graveyard with no liquidity and terrifying tales of people losing their entire life savings on them.
Disclaimer and Risk Warning
CoinWack does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. CoinWack should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.