Bitcoin just hit $118,000. Is it too late to buy, or just the beginning? – Creed Capital Crypto News

On June 11, 2025, Bitcoin surged to an all-time high of $118,000, continuing a decade-long journey that many believed had already peaked multiple times before. Just a year ago, it traded in the $40,000–$60,000 range. If you didn’t buy then, you’re not alone. Many investors passed on it, fearing the price was too high, or convinced that Bitcoin had already run its course. But here we are again—at another record. So what now?

A website known for tracking “Bitcoin obituaries” has recorded 431 declarations of Bitcoin’s demise—each from prominent economists, bankers, or major publications. Yet, despite repeated predictions of collapse or irrelevance, Bitcoin continues to rise. If someone had invested just $100 every time such a death notice was published, they would be worth over $122 million today.

The All-Time High Fallacy

Since 2016, people have said to me, “I wish I had bought earlier.” But the follow-up is always the same: “It’s too expensive now.” I always ask: “How do you know it’s the peak?” Do they possess a crystal ball? A proprietary valuation model? The truth is, no one does. My personal stance has evolved. I used to say I wouldn’t consider selling Bitcoin until it hit $1 million. Today, I’ve revised that to $2 million per Bitcoin. I can’t predict whether it will be tomorrow, or ten years from now but my conviction remains.

Bitcoin, to me, represents the future of money. It is digital gold: a scarce, decentralized, non-sovereign store of value. Gold today has a global market cap of around $22 trillion, while Bitcoin stands at just over $2 trillion. If Bitcoin were to reach gold’s market cap, that implies a price in the range of $1 million per coin.

Skeptics often argue gold has real-world utility: jewelry. But apart from cultural preferences (notably in India), gold’s use as jewelry is largely symbolic. Its real utility, historically, has been as a monetary store of value. Bitcoin fulfills this role with the added benefit of portability, divisibility, and digital verifiability. In ancient times, in India, women were given gold as an asset from their parents so that they have something with them in time of need. They did not have jobs and this was something they could pledge or sell in their time of need as it was theirs. That part is changing even in India with women having financial independence via jobs and even if you look in marriages across India at least in richer families today women don’t show a gaudy display of gold worn all over them. You really do not need to show money in today’s age with gold for pomp and splendor and ego. There are cars, destination weddings etc. for that. That will spill over to the middle class and poorer families too.

And unlike gold, Bitcoin is absolutely scarce. A new unknown gold man can possibly be discovered here or maybe on mars or on some asteroid. Only 21 million coins will ever exist and it’s estimated that 4–5 million of those are lost forever. There are 23 million millionaires in the U.S. alone. Each millionaire cannot even own a full Bitcoin anymore.

Since 1971, when the U.S. dollar was delinked from gold, governments have operated fiat-based systems where money can be printed without limit. In democratic systems, politicians often print more to maintain voter support funding subsidies, welfare, and stimulus programs and hence they can retain power. This process quietly devalues money. As fiat currencies lose purchasing power, scarce assets like real estate, stocks, gold and Bitcoin rise in price. But among these, only Bitcoin is finite. With Donald Trump’s re-election and the crypto lobby’s growing influence, the asset class has gained further legitimacy. The approval of Bitcoin ETFs has opened access to institutional and retail investors who may not be comfortable holding Bitcoin directly. Millennials and Genz are shown to be more supportive of bitcoin.

My belief is that in the future bitcoin will replace gold as store of value or be equivalent of gold in total market capitalization. The million dollar question is 118,000 US dollars per bitcoin expensive or cheap enough to add it into your portfolio to protect your portfolio from inflation? And how do you purchase it if you believe in it and want to add it to your portfolio?

How to Buy Bitcoin

In India you can decide to buy Bitcoin on an exchange like CoinDCX. In the US you can buy it on Coinbase or Kraken. Now if you are scared of forgetting passwords, you can leave it there than moving it to your own wallet. The risk is, if someone hacks into the exchange you can lose all your bitcoins with no recourse.

If you believe in highly regulated markets by the SEC and government, you can buy an ETF like IBIT which is issued from BlackRock. BlackRock is a 10 trillion asset manager, so you can be assured if something happens like a hack, Blackrock will make you whole as they have a reputation to protect. Every time you buy 100$ worth of ETF, BlackRock will purchase 100$ worth of bitcoin and store it with a custodian. If you believe you could be a target while travelling by crooks who could put a gun on your head and take your bitcoins, buy an ETF as it is protected with the custodian.

If you are a Warren Buffet type of investor, you will never buy stocks without cashflows or dividends or even gold for that matter but you can buy a bitcoin miner stock though which will do well if they have a good management team running operations and bitcoin prices keep going up. The risk is when bitcoin prices crash, many miners which are a highly capital intensive operation to run might go bankrupt. At that same time bitcoin might lose its price but it will still exist in your wallet. If a public mining company goes bankrupt and you hold stocks in them, your stocks will go to zero in price.

Allocate to Bitcoin the Smart Way

The next question is, how much of your portfolio will you allocate to such a volatile asset class. If you cannot withstand even slight drawdowns do not even invest a penny into bitcoin as each four year interval when bitcoin had its major falls, it went down by 80-90%. If you can’t emotionally or financially withstand such swings, you may want to stay away. If you are a truly market neutral investor you can easily invest 10-20% of your portfolio such that it will grow by a good amount when it goes up and the max you can lose is only 10%.

Now if you get bitten by the bitcoin bug by true beliefs and understand fiat money’s purchasing power going down and maybe Bitcoin market cap will become equivalent to the gold market cap, so a 10-20x returns are possible, maybe you might be willing to go all in or 100% of your portfolio into bitcoin. But remember the risk is, you could lose 100% of your savings portfolio. No risk, no reward.

Crypto is the only unique asset you can take away with you from one place to another just by remembering the password. No kind of censorship can steal it away from you if you do not hold it in a centralized exchange.

It’s Not All Up Up Up

Now let’s consider the real risks. Could all this price of bitcoin crash and go to absolute zero. Is that possible? Sure, it is. This is money and money runs on belief. If tomorrow people lose belief in bitcoin maybe because someone figured out via quantum computing to break the private keys of the hash address then bitcoin becomes useless and price goes to zero. The hope is at that time a new quantum resistant algorithm will be used instead of ECDSA or Schnorr Signatures which protect your bitcoins.

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

Before buying Bitcoin, educate yourself. Read about blockchain technology, stablecoins, Ethereum, NFTs, smart contracts, and decentralized exchanges. Avoid scam projects promising “the next Bitcoin.” History is littered with 10 million+ failed coins that promised the moon and delivered bankruptcy.

So, is $118,000 per Bitcoin expensive? Perhaps. Or it might be the new beginning.

The better question is: Do you believe in what Bitcoin represents?

If you do, it’s not about timing the market. It’s about time in the market—and positioning yourself for a future where money may look very different from what we know today. Do not fall for scams and to people who reach out and say ,you missed bitcoin, here is this new coin that will overtake bitcoin and waste your hard earned money on them. There are 10 million plus coins out there who claimed they would do it and all are buried in some graveyard with zero liquidity and horror stories of how people lost their life savings on them.

Nithin Eapen is a technologist and entrepreneur with a deep passion for finance, cryptocurrencies, prediction markets and technology. You can write to him at neapen@gmail.com

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