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Should I invest $120,000 in Bitcoin today?

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Hello everyone,

I am new to Bitcoin but have spent a lot of time over the last few weeks learning about it.

I had already invested $2000 at the start of the year when bitcoin was worth $22,000. Today I have a lot of savings aside ($120,000), currently invested in public funds with a very low 1.5%-2% annual interest and would like to go all-in in bitcoin with this money.

This money represents several years of savings. I don't need this money today and my debts are already paid. The idea would be for me to be able to buy in a few years (2-3-4 years horizon) a bigger house thanks to potential gains on Bitcoin (I will obviously not sell my Bitcoin if they ever lose 50% of their value in the coming months).

I'm afraid that with the release of the Blackrock Bitcoin ETF, we won't see Bitcoin below $40,000 again. So I want to "lump sum" because I feel like I don't have time for DCA anymore. Also, I don't know if I will want to DCA if Bitcoin continues to rise too much, which pushes me even more to want to do lump sum (I kind of have this "FOMO" fear).

I find a lot of Youtubers quite β€œbullish” regarding Bitcoin, most of them talk as if it were 100% sure that a new Bull Run was inevitably going to take place in 2024-2025. On the other hand, other YouTubers (like DataDash who talks about a coming recession and which will be bad for Bitcoin) manage to make me doubt this investment.

Do you think that investing these $120,000 all at once now, with a withdrawal horizon in a few years, is a good idea?

Sorry for the mistakes, English is not my native language.

Thanks for your help !

submitted by /u/_granular
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