You're not crazy.

Bitcoin's current price is only a bit above it's marginal cost of production.

Most people fear the 80% crashes in Bitcoin, but those only occur after the price reaches 3 - 6 times the marginal cost during the peak FOMO of the bull cycle and 3 consecutive years of green.

You're good buying right now, no risk of an 80% crash at these levels IMO. The data suggests we'll see $500k - $1000k within the next 10 months, then we'll be back around $100k - $150k October 2026.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost