Bitcoin at $122,614: The High Before the Fall
- WireNews
- 6 hours ago
- 2 min read
by Ram ben Ze'ev
In my continuing narrative warning of the inherent risks of speculating with Bitcoin, it is now more important than ever to heed the signs. As of this writing, Bitcoin ($BTC) has reached the nose-bleed heights of $122,614.39 per coin. Bulls may be celebrating with chest-thumping bravado, backslaps, and snide dismissals of the so-called "doomsayers"—but the time has come to consider those warnings seriously.
Bitcoin has been here before, and if you study its brief and erratic history, you’ll know what typically follows: a steep, painful retracement. In just the past three years, Bitcoin has hit an “all-time high” more than thirty times, only to fall back by 25% or more—and once, by over 70%.
This cycle is not innovation. It’s not maturity. It’s mania.
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The current price surge is not driven by institutional adoption or sound fundamentals—it’s driven by retail FOMO: regular people throwing their hard-earned money into a digital black hole hoping to strike it rich. And while the faces on the posters—Michael Saylor and others—smile confidently, it’s worth remembering they’re not risking their own money. They’re leveraging borrowed capital or shareholder funds—or both. The average speculator cannot afford to play that game.
And to those average investors now buying Bitcoin at over $120,000 per coin: mark my words, you will lose that money.
We’ve reached the stage where Bitcoin is no longer a hedge or a revolution—it’s a speculative bubble being pumped by the very same mechanisms it once claimed to oppose.
When the bottom falls out, as it has time and again, it will not be the wealthy who suffer. It will be the pensioners, the students, the workers who believed the hype and ignored the history.
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The time to exit is not when everyone else is running for the doors—it’s now, while the exits are still open.
>>>> BUY ME A COFFEE <<<<
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Bill White (Ram ben Ze'ev) is CEO of WireNews Limited, Mayside Partners Limited, MEADHANAN Agency, Kestrel Assets Limited, SpudsToGo Limited and Executive Director of Hebrew Synagogue