I think your wife was right in this instance. You couldn't possibly have known that Bitcoin was about to bounce hard. Nobody did. If you had lost the money, you'd have been in trouble.

Investing money one cannot afford to lose is never a sound policy.

That said, it is generally true that under the current macroeconomic conditions, risk aversion means a guaranteed loss. Money printing at the scale we have see this year does that. We don't have sound money, yet. Bitcoin is a candidate for future sound money but it is so volatile that you can't invest any money in it you are forced to spend at some predetermined time period in the future.

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