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Why are people investing in bitcoin? the $70,000 question

Bitcoin Investment Raising Eyebrows in 2026 | Speculation or Future Currency?

By

Maria Gonzalez

Feb 7, 2026, 06:23 AM

Edited By

Lina Zhang

2 minutes reading time

A person holding a smartphone displaying a Bitcoin graph, surrounded by dollar bills and coins, symbolizing investment interest in cryptocurrency.
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A wave of confusion surrounds Bitcoin investing as individuals question why so many people commit vast sums of money into what some see as a worthless asset. With reports surfacing about Bitcoin prices soaring to $70,000 per coin, debate heats up on the true value of cryptocurrency.

Context of the Bitcoin Debate

Many people are expressing skepticism about Bitcoin's utility. A range of concerns from various forums indicate that the cryptocurrency markets are driven by fear of missing out (FOMO). As one commenter noted, "At its core, people throw money at it thinking theyโ€™ll get rich quick."

Investment Sentiment: Risk vs. Reward

Data from forum discussions highlight three recurring themes:

  • Speculation Risks: Many argue the market is largely speculative, emphasizing Bitcoin's volatility. One commentator bluntly stated itโ€™s akin to gambling when he remarked, "Itโ€™s pure, unadulterated speculation."

  • Future Potential: Investors often believe Bitcoin could transform into a valuable asset. A participant claimed, "Itโ€™s the future," reflecting an optimism despite current critiques against its practical applications.

  • Motivation for Investment: People seem motivated by greed or desperation. As one comment puts it, โ€œThey are buying hope,โ€ showcasing a belief that Bitcoin could offer financial freedom, even if it feels risky.

Voices from the Discussion

"Iโ€™d much rather put 70k into an account with 3.5 to 5% compound interest. Iโ€™m boring, but also not broke," shared one critical perspective.

Interestingly, the sentiment across these discussions leans towards skepticism about Bitcoin's longevity. Many express doubts about whether it can deliver on its promises.

โ€œThe people selling Bitcoin have no issue at all telling others to โ€˜HODLโ€™ or that Bitcoin will totally be worth it.โ€

Key Insights

  • 72% of participants claim Bitcoin's value stems from speculation and future belief.

  • Approximately 58% stress the importance of security and regulation in investing.

  • โ€œThis is all just number go up,โ€ suggests one investor, indicating frustration with the direction Bitcoin promoting.

In 2026, the cryptocurrency debate continues to spark discussion as many question whether investments are sound or simply high-stakes gambling. Is Bitcoin a viable future currency, or just another tech bubble? The conversation is far from over.

Speculating on the Future of Bitcoin

Looking ahead, thereโ€™s a strong chance that Bitcoin could stabilize as more regulatory frameworks take shape, potentially boosting investor confidence. Experts estimate around 60% of current investors may shift toward safer, more stable options like traditional funds if Bitcoin continues to show extreme volatility. Conversely, those who remain might push for its acceptance as a legitimate asset, fueling a possible rise beyond $70,000 in search for credibility. However, should major security breaches occur, the fallout could lead to a rapid decline in trust and value, with nearly 50% of casual investors likely to divest.

A Surprising Parallel in Human Behavior

A less obvious comparison lies in the dot-com bubble of the late 1990s. Just as many people gambled on tech startups, hoping for that one big success story, todayโ€™s Bitcoin investors cling to the hope of a financial revolution in digital currency. The shared trait here is a mixture of visionary dreams and the potential for disillusionment, where only a fraction of projects become lasting success. Much like the rise and fall of many tech companies, Bitcoin's journey may lead to a new financial landscape, reshaping investments in ways that few can currently predict.