Bitcoin Below $75K: A Reasonable Risk?

by

My uncle, bless his heart, keeps calling me about Bitcoin. He saw it on CNBC, naturally. He’s convinced it’s the answer to everything – retirement, the grandkids’ college funds, even the perpetually leaking roof on his shed. He sent me a chart, printed in that thermal paper that fades to nothing if you look at it wrong, with a big circle around $75,000. “Buy the dip!” he’d bellow over the phone, as if I were a stockbroker who’d simply forgotten my duties. It’s down around 20% this year, which, honestly, feels…predictable. Everyone’s suddenly decided gold and silver are safe again. Metals. Like we’re all preparing for a medieval siege or something.

Last April, when everyone was panicking about tariffs, Bitcoin briefly dipped to around $75,000 before rebounding. My uncle, predictably, missed the rebound. He always misses the rebound. It got me thinking, though. Is that $75,000 mark some sort of psychological barrier? A line in the sand drawn by people who mostly just want to feel clever?

The Curious Case of the Falling Bitcoin

It started sliding downhill in late 2025, which coincided with everyone getting overly enthusiastic about…well, everything. Stock market bubbles are always so festive, aren’t they? Instead of jumping on the Bitcoin bandwagon, people started hoarding actual, physical metal. It’s as if we collectively decided that something you can hold must be more trustworthy than something that exists only as a string of code. My grandmother would have approved.

Bitcoin tends to do well when everyone is optimistic, which is a fairly useless observation, really. In 2022, when the S&P 500 took a 19% hit thanks to inflation, Bitcoin plummeted 65%. It’s almost…logical. When things are going badly, people don’t want risky bets. They want…something else. Something boring. Like bonds. Or a high-yield savings account. The thought makes me slightly depressed.

Given the current economic shakiness, I’m not holding my breath for a Bitcoin rally anytime soon. I’ve learned to trust my gut, and my gut is currently craving a cup of tea and a very stable investment.

Loading widget...

Should You Actually Buy Bitcoin Right Now?

Let’s be honest: Bitcoin is speculative. It’s a gamble. The price swings are…unsettling. I’ve seen people get genuinely excited about a 10% drop, as if it were some kind of bargain. It reminds me of those antique store regulars who brag about how much they “saved” on a chipped teacup. Unless you’re comfortable with that level of volatility, it’s probably not for you. And if you are, you might need to re-evaluate your life choices.

There are people who genuinely believe Bitcoin will hit $1 million someday. They have charts, spreadsheets, and a disturbingly unwavering faith in the power of cryptocurrency. It’s a lovely dream, but it’s still just a dream. It might look cheap below $75,000, but it can easily go lower. Much lower. Unless you have a high risk tolerance – and a healthy sense of detachment – you’re probably better off avoiding it. There are plenty of other, more sensible ways to grow your money. Like, you know, actual assets. Or a really good index fund. Or just…saving.

Read More

2026-02-10 04:04