Crypto investing has reportedly been a source of conflict in relationships, sometimes leading to breakup and even divorce.
According to a February 2015 Reddit post, a then 28-year-old woman using a disposable account claimed she was incredibly upset with her husband who had not stopped buying Bitcoin (BTC) without consulting her since 2013. She estimated that he had bought more than $ 22,000 in crypto assets in the two years leading up to the release, when the price hit a high of more than $ 1,000 but also fell below $ 200.
“I kept telling him to sell because the price was going up and he promised me a big 2014,” she said. “The price kept falling and he kept buying. He makes more money than me, but we are building a future together and we have a common bank account. He kept telling me this was for our children’s college fund to buy a house, etc. ”
In the early days of Bitcoin and crypto, when digital currencies were often used as a running joke for late night talk shows and comedians, many considered investing in the technology, at least financially immature. Some people still do it even when the BTC price is back over $ 50,000.
The Redditor called her husband “brainwashed” and said he was “robbed” [her] of happiness ”and ruining their job by targeting Bitcoin at their marketing events.
“After a recent drop in prices, he actually bought more with our vacation fund, which I was saving and planning for. All gone, never to be seen again in Bitcoin. “
It’s unclear whether the couple stayed together after the reply from the Post or whether the husband sold some or all of the bitcoin to alleviate his wife’s financial concerns. The user compared her spouse to a drug addict and considered “staying in a hotel for a few weeks” to consider whether a divorce was an option.
In retrospect, however, the man’s early investment could easily have paid off in the millions. Even if he had bought BTC after the price jumped to $ 1,000 in November 2013, the 22 coins would now be worth more than $ 1 million.
Since the story was not published on a pro-crypto group like R / Bitcoin or R / Cryptocurrency, but rather on the r / relationships subreddit, many Redditors encouraged the user to separate her finances and consider divorce proceedings. Few crypto enthusiasts jumped on the thread to leave a comment, but one predicted that one day the BTC would be “worth a fortune” and recommended that the husband keep working with HODL.
Another story by a Redditor after the 2017 bull run that brought many newcomers to the crypto space was that his girlfriend was considering parting with him after “making a huge investment in cryptocurrencies”. However, digital currencies appear to have played a lesser role in its history, as the user said he had a car crashed while driving while drunk and pressured his significant other to quit her job.
Although many crypto traders know that the price of Bitcoin and other digital currencies is likely to continue to be volatile, the adoption and investment of large companies has helped bring the technology closer to mainstream and apparently made it more responsible for investors to focus on Take market action sooner rather than later. Shark Tank star Kevin O’Leary has already claimed to have increased his stake in Bitcoin, while Dan Loeb, CEO of asset management company Third Point, recently said he was “deeply immersed in crypto.”