Technically, Bitcoin is considered to be a high risk investment, but this also depends on your personal definition of high risk. If you expose yourself to the short term fluctuations, then you can definitely say that it involves an extreme level of risk. If you are planning to hold your coins for the long term, and are well aware of how everything works in this market, you can even see it as a low risk investment. Especially if it for you personally comes with the added benefit of functioning not only as safe haven asset, but also as a way to directly get rid of any centralized entity standing between you and your desire for financial freedom. I fit in that category, and have been like that from the very beginning. It's more than an investment option for me.