Bitcoin at an All-Time High: Is It Too Late to Buy or Just the Beginning?

On June 11, 2025, Bitcoin reached an unprecedented milestone, breaking past the $120,000 mark. This event continues a long-running trend in Bitcoin’s price trajectory, surprising those who believed its best days were behind it. Just last year, it hovered between $40,000 and $60,000—a range many deemed too expensive already. So if you didn’t invest then, you’re not alone. But as Bitcoin sets new records yet again, the question becomes: what next?

A well-known website chronicling Bitcoin’s supposed “deaths” has documented 431 predictions of its end—each declared by economists, financial experts, or major media outlets. And yet, Bitcoin continues to prove them wrong. Imagine if you had invested $100 each time Bitcoin was declared dead—you’d be sitting on over $122 million today.

The Myth of “Too Late”

Since 2016, I’ve heard the same comment repeatedly: “I wish I had gotten in earlier.” Followed inevitably by, “But now it’s too high.” My response is always the same: How do you know this is the top? Do you have insider knowledge? A perfect model? Nobody does. Personally, I once said I wouldn’t consider selling until Bitcoin reached $1 million. That number has since doubled in my mind. Whether that target is reached next year or in a decade, I’m in it for the long haul.

To me, Bitcoin is more than just a digital asset—it’s the next evolution of money. A form of digital gold: limited, decentralized, and free from government control. Gold’s global market value sits around $22 trillion, while Bitcoin is just over $2 trillion. Should Bitcoin reach parity with gold, that would suggest a future price near $1 million per coin.

Why Bitcoin Over Gold?

Critics point to gold’s traditional uses—especially in jewelry—as a reason for its enduring value. But its primary historical role has been monetary. Jewelry demand is culturally significant, particularly in countries like India, but it’s also becoming outdated. Today’s displays of wealth—luxury cars, exotic weddings—are displacing gold as status symbols, and financial independence is changing the narrative for Indian women. As societal norms evolve, even in middle and lower-income households, we may see gold’s cultural dominance diminish.

Unlike gold, Bitcoin has a fixed supply: just 21 million coins will ever exist. It’s estimated that 4–5 million of those are permanently lost. There are more millionaires in the U.S. alone than there are Bitcoins—making it mathematically impossible for each millionaire to own even one full Bitcoin.

The Fiat Currency Problem

Since the U.S. disconnected its dollar from gold in 1971, central banks have had unlimited power to print money. In democratic systems, this often leads to increased spending to retain public favor—via welfare, subsidies, or stimulus checks—at the cost of long-term currency value. In contrast, assets like real estate, stocks, gold, and Bitcoin tend to appreciate as fiat currencies are devalued. But among these, Bitcoin is the only one with an unchangeable supply limit.

With Donald Trump re-elected and crypto regulation becoming more favorable, Bitcoin is gaining further legitimacy. The launch of Bitcoin ETFs has also made it accessible to everyday investors and institutions alike. Younger generations—Millennials and Gen Z—are generally more optimistic about Bitcoin’s future.

Buying Bitcoin: Your Options

1. Direct Purchase on Crypto Exchanges
In India, exchanges like CoinDCX make it easy to purchase Bitcoin. In the U.S., platforms like Coinbase and Kraken are popular. Keeping your coins on an exchange is convenient, but risky—if the exchange is hacked, you could lose your holdings.

2. Investing via ETFs
If you prefer regulated financial markets, consider buying a Bitcoin ETF like BlackRock’s IBIT. As one of the largest asset managers globally, BlackRock ensures that your investment is backed by real Bitcoin held in custody. ETFs reduce the risk of loss due to hacks or theft.

3. Bitcoin Mining Stocks
For traditional investors who prefer owning businesses, mining companies may be appealing. They provide exposure to Bitcoin’s upside. But beware: mining is capital-intensive, and companies often go bankrupt when prices fall. Unlike Bitcoin itself, which remains in your control, these stocks can go to zero.

How Much Should You Invest?

Bitcoin is extremely volatile. Historically, it has seen drops of up to 80–90% during bear markets. If you can’t stomach sharp declines, it may not be the right asset for you. Conservative investors might consider allocating 5–20% of their portfolio to Bitcoin—enough to benefit from upside without overexposing themselves to risk.

For those who strongly believe in Bitcoin’s long-term potential and the decline of fiat currencies, even larger allocations may make sense. Some go all in, hoping for 10x or even 20x returns. But remember—there’s always the chance of losing your entire investment. No risk, no reward.

Risks to Keep in Mind

Can Bitcoin go to zero? Absolutely. Like any currency, its value relies on collective belief. If that faith evaporates—perhaps due to a breakthrough in quantum computing that compromises Bitcoin’s cryptography—it could collapse. Developers are already exploring quantum-resistant solutions, but risks remain.

Could a new cryptocurrency replace Bitcoin? Technologically, yes. But Bitcoin enjoys a massive network effect and brand trust—something new projects struggle to replicate.

Final Thoughts

Before investing in Bitcoin, educate yourself. Learn about blockchain, Ethereum, NFTs, and decentralized finance. Stay away from hype-driven coins claiming to be “the next Bitcoin.” The crypto world is littered with failed projects and devastated investors.

So, is $118,000 too much for one Bitcoin? Maybe. Or maybe it’s just the beginning.

The real question is: Do you believe in the vision that Bitcoin represents? If you do, it’s not about catching the perfect price. It’s about understanding where the future of money might be heading—and positioning yourself accordingly.