This is so funny. I don't talk to friends, family, or colleagues about bitcoin. But I've read comments from others that have, and this is the exact response they usually get from them.
It's why most people will never accumulate wealth in their life, because they've been programmed (since birth?) that they should drop a supposedly risky investment like a hot potato the minute it reaches a decent valuation level. Plus they are flawed to think that fiat is something better to possess than bitcoin.
True. But diversification is still a thing. I wouldn't feel safe if I had ie $3 million in Bitcoin and almost nothing in fiat, real state (my preference), or whatever I would feel as more "safe" investment. There is a possibility that it is the best bet and gives the most ROI for next years, but.... never put all your eggs in the same basket.
It's the same as it would be unreasonable to have a fortune in real state and almost no fiat liquidity, or having a huge fortune (banking fiat, real state, stocks) that depends entirely on assets that could be seized and nothing "out of reach" (overseas accounts, PM's, Bitcoin, etc...).
Everyone needs to find HIS OWN comfortable balance between risk/reward though.
