Ive recently started using my $500 to invest in bitcoin, and my wife is furious.

She hates bitcoin because I lost money on it a couple years back.

But I only jumped back into it in August, and already Ive tripled my money.

An illustration shows a couple standing next to a wallet holding bitcoins

If were allowed to spend our money however we want, shouldnt I be allowed to invest in bitcoin?

Ive never complained because its her $500.

Should I keep investing, even though my wife hates it?

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-Crypto Chris

Dear Crypto,

Im torn.

But Im with your wife, because I really detest bitcoin.

Thats not the case with bitcoin.

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Forget all the talk about it being the payment method of the future.

Only about 2,300 businesses in the entire U.S. accept it.

Its wild price swings make it useless as a currency.

Imagine if the U.S. dollar lost 25% of its value in 48 hours.

Its fine if you disagree with me.

you could even disagree with Warren.

But Id urge you not to go against your wife if shes really against this.

Your problem is way bigger than bitcoin here.

You say youre each allowed to spend $500 however you choose.

But you dontreallymean that, do you?

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Youre fine with your wifes decision to use her discretionary cash to buy clothes and DIY materials.

Its not how you would spend your money.

Hopefully, these purchases bring her happiness, so its money well spent to you.

Now lets imagine your wife opted to burn her cash each month just because its her money.

Surely, you wouldnt be OK with that.

Thats money youve both earned.

Spending it purposefully is a show of respect for each other.

I get it: Thats not what youre doing here.

Youre spending money on bitcoin because you think it will make you more money.

But your wife has already seen you make a losing bet on bitcoin once before.

I wish I knew more about the circumstances there.

When were under pressure, we tend to radiate stress to those around us.

Try talking about what your goals were when you decided to allocate spending money for each of you.

My guess is, it was to give each spouse permission to spend on something that brings them joy.

But I suspect that your main driver here is your desire to make a quick buck.

I do like that youvemade a budgetthat includes personal spending money for each of you.

What you need is a veto power.

You each should avoid criticizing how the other spends their $500 in general.

Bitcoin returns are extremely fickle.

But the cost of going against your wifes wishes every month is both predictable and incredibly high.

Remember the saying, Happy wife, happy life.

Youre far better off investing your 500 bucks in a new hobby.

Robin Hartill is a certified financial planner and a senior editor at The Penny Hoarder.

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