I’ve been mulling this stuff over too. I keep thinking I might never be able to get this amount or bitcoin back if I do though. Especially if you can refinance to ~3-4% later. Always have to pay property taxes too (unless?)
Discussion
Very high risk at not being able to get your current stack back and something to strongly consider.
That said, if you calculate the amount you save every month by not having a mortgage, use all of that to buy bitcoin (big assumption), and you take advantage of the next 75-85% bear market (there will be one), then i think it you’ll come out on top.
Also keeping in mind that you are completely debt free, and that is valuable in and of itself.
Say you have a mortgage of $4k a month. You pay off your total mortgage of $500k (or whatever) or 5 bitcoin. If you put $4k a month towards Bitcoin and it magically stays at $100k for the next 5 years, you’d only get 2.4 bitcoin back.
Yeah no doubt you’re right here. You’ll always have more bitcoin if you’re willing to mortgage your house to get the cash to convert to btc.
I think it’s safe to say if you knew with absolute certainty that btc is going to be trading at $500k+ after 2030, you’d just keep your stack
But if you had enough bitcoin to pay off your house twice, you didn’t do it, and then the price dropped by 80%, you’d be quite a wreck in my opinion.
Bitcoin is incredibly stressful to hold onto and I think that’s something bitcoiners aren’t quickly willing to admit
nostr:npub1pc57ls4rad5kvsp733suhzl2d4u9y7h4upt952a2pucnalc59teq33dmza received a nutzap of 21esats from nostr:npub1y4agzkpc58xvqzwtjtjgd35a8c3wa92ty89u09h4g38hm6fvykksa9cg7c with note: