the best way to pay down debt is to stop taking on new debt and then pay off the old stuff.
buying bitcoin and hoping it outpaces debt growth is the dumbest idea.
bitcoin goes up because money growth is the debt growth
Discussion
I think there's a balance. Selling off your bitcoin to pay off debt leaves you with no bitcoin
hahah! taking convertible stock debt is a little different than taking currency debt. one is enriching shareholders against the dollar and the other is bankrupting a country and the citizens mandatory currency
The bitcoin axis is logarithmic while the fiat debt is linear … the data suggests that taking out fiat debt to buy bitcoin is exactly what a person should do.
Doesn’t it depend on the type of debt? What about a low interest mortgage or student loan?
Obviously trying to outpace 20% credit card debt is a terrible idea.
yes, in the case of the mortgage you are short the currency and are assuming that money printing will exceed the rate of your debt.
Stay humble, stack sats, stay solvent……..