Are HODLers destroying their relationships? Reddit users tell
One user said her husband was „brainwashed“ by Bitcoin and he was ruining her job by bringing up crypto at their marketing events.
Crypto investments are said to be cause for strife in relationships, sometimes leading to break-ups and even divorces.
According to a Reddit post from February 2015, a then 28-year-old woman explained via an anonymous account that she was incredibly angry with her husband, who had been buying Bitcoin (BTC) on and off Immediate Edge since 2013 without consulting her. She estimated that he had bought over US$22,000 worth of Bitcoin in the two years prior to the post, when the price hit a high of over US$1,000 and then also plummeted to below US$200.
„I kept telling him to sell as the price was going up and he promised me a great year in 2014,“ she said. „The price kept falling and he kept buying more. He makes more money than me but we are building a future together and have a joint bank account. He kept telling me that the money was to send our children to university or to be able to buy a house.“
In the early days of Bitcoin and crypto, when digital currencies were often a running gag on late-night talk shows and for comedians, many believed investing in the technology was financially immature, to say the least. Some people still believe that, even though the BTC price is now back above US$50,000.
The Redditor user said her husband was „brainwashed“ and said he was robbing her of her happiness and ruining her job because he always brings up Bitcoin at her marketing events.
„After the recent drop in the price, he actually bought more, helping himself to our holiday fund, which I had been saving and making plans for. All gone, in Bitcoin, goodbye.“
It is unclear if the couple stayed together after the post, or if the husband sold some or all of the Bitcoin to appease his wife. The user said her husband was like a drug addict and was considering „staying in a hotel for a few weeks“ to think about whether divorce was an option.
In hindsight, however, the husband’s early investment would have paid off handsomely. Even if he had bought BTC after the price rose to US$1,000 in November 2013, the 22 coins would now be worth over US$1 million.
Since the story was posted in the subreddit r/relationships and not in a crypto group like r/Bitcoin or r/cryptocurrency, many Reddit users encouraged her to separate her finances and consider divorce. Few crypto enthusiasts spoke up and commented in the thread.
One predicted the BTC would one day be „worth a fortune“ and recommended that the husband continue to hold on to the coins
In another story, after the bull market of 2017, which saw many newcomers enter the crypto space, a redditor claimed that his girlfriend was considering breaking up with him after „a huge investment in cryptocurrencies“. However, digital currencies seem to have played less of a role in his story. The user stated that he had been in a car accident while driving drunk and had urged his partner to quit her job.
While many crypto traders know that the price of Bitcoin and other digital currencies is likely to continue to fluctuate, adoption and investment by major companies has helped bring the technology closer to the mainstream. As a result, it has become attractive for investors to enter the market as soon as possible. Shark Tank star Kevin O’Leary has already declared he has bought more Bitcoin. The CEO of wealth management firm Third Point Dan Loeb also recently said he had looked more deeply into cryptocurrencies.