Bitcoin ($BTC ) has hit a new all-time high of $118,000 as of June 14, 2025, continuing its remarkable decade-long ascent. A year ago, Bitcoin fluctuated between $40,000 and $60,000, with many investors dismissing it as overpriced. Yet here we are again, at another record peak. But what’s next? Is it too late to buy in, or just the start of something even bigger?
🚀 Bitcoin's Resilience 🚀
For over a decade, Bitcoin has been the subject of countless "obituaries," with prominent economists, bankers, and media outlets declaring its imminent demise. According to a website that tracks such predictions, there have been 431 declarations of Bitcoin's death—none of which have materialized. In fact, those who invested in Bitcoin despite these declarations are now sitting on substantial profits.
💡 Fun Fact: If someone had invested just $100 every time a Bitcoin obituary was published, they’d be sitting on over $122 million today.
⚖️ The "All-Time High" Fallacy ⚖️
Since 2016, many have expressed regret, saying, “I wish I had bought earlier,” but the follow-up is always the same: “It’s too expensive now.” The question is, how do you know when Bitcoin has reached its peak? The reality is, no one can predict the top. It’s easy to get trapped in the fear of missing out or overthinking the market.
🌙 In my own journey, I used to say I wouldn't sell Bitcoin until it hit $1 million. Today, I believe that price could reach $2 million per coin in the future. While the timing is uncertain, my conviction remains unshaken. 🌙
💰 Bitcoin as Digital Gold 💰
Bitcoin represents more than just a speculative investment—it is the future of money. It is often referred to as "digital gold" because it shares the same properties as gold: scarcity, decentralization, and a store of value. Currently, gold has a global market cap of $22 trillion, while Bitcoin stands at a little over $2 trillion. If Bitcoin reaches gold's market cap, the price per coin could soar to $1 million.
💎 Why Bitcoin is better than gold: 💎
👉Portability
👉Divisibility
👉Digital verifiability
Gold’s role in history was to store value, but today it’s becoming more symbolic than practical. Bitcoin, however, is both a store of value and ready for the future. 💎
🔥 Bitcoin's Scarcity 🔥
Unlike gold, Bitcoin is absolutely scarce. While new gold deposits may still be discovered on Earth, or even on Mars or an asteroid, only 21 million Bitcoin will ever exist, and it is estimated that 4-5 million of those are lost forever.
⚖️ This scarcity is crucial because it means that Bitcoin cannot be inflated by governments or mined beyond a fixed amount. Demand for Bitcoin is growing, and its limited supply means the price is only going to rise.
💸 The Fiat System and Inflation 💸
Since 1971, when the U.S. dollar was decoupled from gold, governments have had the power to print money without limits. While this allows for more flexibility in funding various programs, it quietly devalues the purchasing power of money over time.
In contrast, Bitcoin's limited supply ensures that its value cannot be diluted like fiat currencies. As fiat currencies lose value, assets like real estate, stocks, gold, and Bitcoin naturally rise in price. However, only Bitcoin is truly finite. 🏆
🏅 Will Bitcoin Replace Gold? 🏅
Looking ahead, I believe Bitcoin has the potential to replace gold as the dominant store of value. With its increasing market cap, Bitcoin could eventually be worth as much as gold, translating to prices far higher than the current $118,000.
So, is $118,000 too expensive, or is it just the beginning? 🤔
💻 How to Buy Bitcoin 💻
In India, platforms like CoinDCX make it easy to buy Bitcoin. In the U.S., Coinbase and Kraken are popular choices. One of the risks of buying Bitcoin on an exchange is the possibility of a hack. If you’re concerned about security, consider leaving your Bitcoin on the exchange, or better yet, transferring it to your own secure wallet. 🔐
Alternatively, you can buy Bitcoin ETFs, like the IBIT ETF from BlackRock, a highly regulated investment option. This ensures that your investment is backed by real Bitcoin and stored with a custodian, reducing the risk of hacking or theft. 🏦
📊 Allocating Bitcoin in Your Portfolio 📊
The next question is how much Bitcoin should you hold? Bitcoin is volatile, with price swings of 80-90% not uncommon. If you’re not comfortable with that level of risk, Bitcoin may not be for you. However, if you’re able to stomach the ups and downs, allocating 10-20% of your portfolio to Bitcoin could be a wise move, especially for those seeking long-term growth.
For those who truly believe in Bitcoin's potential, a more aggressive approach might be to allocate up to 100% of your portfolio. But remember, with high reward comes high risk—you could lose everything. 🚨
⚠️ The Risk of Bitcoin ⚠️
As with any investment, there are risks. Could Bitcoin’s price crash and go to zero? Technically, yes. Money is based on belief, and if people lose confidence in Bitcoin—perhaps due to a quantum computing breakthrough that compromises its security—its value could drop to zero. However, the hope is that the Bitcoin community would quickly adapt, creating quantum-resistant algorithms to protect its value.
Another risk is the emergence of a new cryptocurrency that could dethrone Bitcoin. But for now, Bitcoin’s strong belief network effect and dominant position make it unlikely to be overtaken by another coin.
🌱 Final Thoughts 🌱
Before diving into Bitcoin, it’s crucial to educate yourself. Understand blockchain technology, stablecoins, Ethereum, NFTs, smart contracts, and decentralized exchanges. Beware of scams and “get-rich-quick” projects that promise to outperform Bitcoin—there are millions of failed coins that are now buried in the crypto graveyard. ⚰️
So, is $118,000 per Bitcoin expensive? Maybe. Or maybe it’s just the beginning. The key question isn’t about timing the market—it’s about believing in what Bitcoin represents: a decentralized, scarce, and globally accessible store of value. 🌍 If you believe in it, the future could look very different from what we know today. 🌟
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