Bitcoin at $118k; Boom Time or Bubble Trouble?

Forget scrolling for just a second and listen up, because things just got wild again. Today’s Friday, July 11th, 2025, and Bitcoin just sprinted past $118,000 like it saw its ex and wants them to know it's totally moved on.

Did your cousin spam your group chat this morning with a bunch of emojis screaming #CryptoIsBack? Did your neighbor, yeah, the one who thinks he’s a crypto genius because he bought Dogecoin that one time start smiling suspiciously big this morning?

Well, your eyes weren't playing tricks. Bitcoin really did hit that crazy-high number. In fact, it climbed to about $118,600 today, which is nuts when you realize it started this year around $94,000. If math isn’t your jam, that’s about a 26% jump, meaning if you put in $100 on New Year’s Day, you’d be holding $126 today. Nice, right?

But hold up, before you sell your furniture and put your grandma’s jewelry on eBay, let’s quickly break down what’s actually happening.


Why’s Everyone Obsessed with Bitcoin Again?

A couple reasons you might hear at the BBQ this weekend:

• Wall Street’s All In: Big banks and investment firms are grabbing Bitcoin ETFs like teenagers grabbing PS5s on Black Friday. You know how your Uncle Gary never cared about crypto, and now suddenly he’s acting like Warren Buffett because he bought one share of a Bitcoin ETF on Robinhood? Yeah, that’s happening everywhere.
  
• Your Friends Are Back: Yep, regular people like your co-worker Steve who bought Bitcoin once, sold it immediately, regretted it forever, and is now back with laser eyes on his profile picture, are jumping in again. They’re convinced this time it’s for real, chanting “to the moon!” louder than ever.
  
• The Government's Finally on Board (Kind of): You know how you never expect politicians to agree on anything (other than raising their own salaries)? Well, something surprising happened. Congress is pushing a law called the “Genius Act”... Yes, that’s its real name. It aims to make crypto like stablecoins more legit, safer, and regulated. Does this mean Uncle Sam is stashing Bitcoin in the basement? Actually… kind of. In fact, the U.S. government even started a strategic Bitcoin reserve earlier this year. I know, weird.
  

And What About Those Fancy Robots?

Trading bots like CryptoRobotics and analytics firms like Glassnode are helping investors spot trends quicker than your grandma spots crumbs on your shirt. Do they make everyone rich overnight? Absolutely not. If robots could guarantee money, we'd all be living on yachts by now, instead of binge-watching Netflix on the couch.


Tech Stocks Are Also Riding High

Bitcoin isn't alone in partying like it’s 1999 again. Companies like Nvidia (now worth around $2 trillion. Yep, trillion with a T) are flexing harder than your CrossFit-loving neighbor. The Nasdaq and the S&P 500 are also at all-time highs, which means Bitcoin and tech stocks are basically like those best friends who do everything together; party hard and, sometimes, crash spectacularly together.


So, Wait... What’s the Catch?

Now here comes my serious face: You remember how fun things were in 2021, right up until they suddenly weren't? Well, a few things still make Bitcoin risky:

• Regulators are still circling like hungry sharks; one wrong move, and things could get messy fast.
• Inflation is stubborn (kind of like those last five pounds you promised yourself you'd lose).
• Earnings season; that annoying time every quarter when companies announce profits or losses is coming up, and it could crash this party faster than your boss scheduling a surprise Friday afternoon meeting

Your Turn: Tell Me Honestly

Look me right in the eyes and tell me: are you feeling brave enough to jump in right now, or are you sitting safely on the sidelines watching this whole thing unfold while eating popcorn?

Or are you just gonna wait until your neighbor brags about becoming a millionaire before secretly kicking yourself again?

Either way, stay safe out there and maybe hold off mortgaging the house just yet.

Talk soon,

- Matt

P.S. If Bitcoin hits $120k before you finish reading this, don’t panic, it’s just 2025 doing its thing.