One Swiss Man, One Missed Investment: Buying Bitcoin at the Top Costs Him Wife and $200,000

Irresponsible investments happen, even though a little education could help avoid this type of problem. People lose money all the time, but one spouse apparently took it too far, lose tons of money and his wife in one swoop.

  • A man lost $200,000 during a bitcoin investment last year.
  • Wife posted loss to Reddit, announcing plans to divorce husband, against advice to work it out.

There is a saying about marriage that any man can take to heart – “happy wife, happy life.” It does not take a lot to make a woman happy – be an honest man and do not make stupid choices with money. While there are plenty of ways to make a wife happy, these two ways are an excellent starting point. However, one man could not even do that, doubling down by investing $200,000 in Bitcoin without a single word to his wife. Is anyone surprised that she wants a divorce?

Any lie about how a spouse spends their money is worth the heat that they get, and the wife in question posted about this circumstance on Reddit, saying that her husband lost over $200,000 to crypto. Apparently, her role in the relationship was to handle the finances, but she decided to give the reins to her husband, choosing to check in on the money periodically.

When this wife considered purchasing a Tesla Model 300, she checked the accounts to find that over 300,000 CHF/USD gone. Rather than suspecting misuse by her husband, she first believed that the difference was just a glitch. However, confronting her husband, he admitted that 200,000 CHF of the missing funds went straight to cryptocurrency last year. The wife commented that the amount he lost was about 25% of the savings that they held as a couple, adding that she is

“shocked and angry.”

Before now, the couple has been married for a decade, and the wife was bringing in 75%, which is why it is understandable that she feels stolen from. Even though she has been advised by loved ones that she should go to therapy to fix the relationship, she doesn’t want to hear a thing – divorce is all that is on her mind.

An interesting twist in this narrative is that the Bitcoin was sold at a 200,000 CHF loss, which means a bull market could not even save it. The wife pondered if she would still feel the same if the lies had led her husband to double their income, though she soon admitted that she would have been glad. Still, by not being informed before the loss reached this point, she and her husband lost all opportunity to fix the situation.

There was no information provided regarding the amount of Bitcoin involved in the investment, but that doesn’t matter to this wife. As she sees it, an investment in cryptocurrency is no different from gambling, and there should not have been any money invested in the first place, in her opinion. Commenters tried to be helpful, offering advice about the circumstance. Some people voiced their opinion that a divorce would be rather extreme, while others suggested establishing a limit on her husband’s spending.

Right now, Bitcoin is trading at $8,772.42, showing less than a 1% increase in the last 24 hours.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Chinese Internet Giant Arm, Tencent Cloud, Looks to Form A 100-Member Blockchain Alliance

Tencent’s cloud computing arm venture is bringing together a 100-member blockchain alliance to further blockchain implementation and find new real-world use cases of the...

OKEx Crypto Exchange Launches ETH Options Contract; EOS Options Trading to Follow

One of the largest cryptocurrency trading and derivative platform OKEx, announced the launch of its Ether options contract on June 4th. On June 18th, the...

Bitcoin Market Currently in ‘Fear' But Don’t Try to Predict What’s Gonna Happen Next

Bitcoin will do what bitcoin does. And if anyone tries to bet on the digital currency’s next move, it will prove you wrong. We have seen...

Fed Reserve of Philadelphia Research: Account-Based CBDCs May Replace Commercial Banks

A research paper published on June 1, 2020, by the Federal Reserve of Philadelphia shows account-based central bank digital currency (CBDC) could potentially replace...

US Federal Bank Regulator (OCC) Issues Notice for Feedback on Crypto and DLT Activity

The Office of the Comptroller of Currency (OCC) has asked for feedback in matters crypto and distributed ledgers according to two notices published on...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today