You have €100k in savings, just married the woman of your dreams and want to have children. You currently live with her in a rented apartment.
Do you:
A) Purchase a modest house and use the money for the down payment?
B) Buy Bitcoin and hunker down?
Discussion
I had almost exactly this choice in 2015. Let's just say I'm 80 million bucks poorer today because of my bad choices.
It isn't possible to judge risk for past decisions. Everyone has to make decisions based upon their risk-appetite and knowledge at the time of the decision.
If Bitcoin had died, you would be patting yourself on the back right now.
Hunker down
Buy #bitcoin, rent a modest house, live happily ever after.
We are very lucky to have found a rental home that isn't prohibitively expensive.
That's probably a good option C) in some cheaper regions. Unfortunately, those tend to be places where you can't earn enough to save up $100k.
We actually chose D):
Choose C and then inherit real estate.
Ask your bride if she would prefer a starter home for a quick dopamine hit, or a plan that will secure their financial freedom within a decade.
Marriage is about sacrifice, patience, and long time horizons to build something greater than the sum of its parts. Bitcoin is a natural fit for any marriage.
Hmm. 🤔
I am convinced that Bitcoin can help keep someone from becoming poor, so it is a good (perhaps even the best) savings vehicle, but I don't know if we can simply extrapolite the past purchasing-power increases out forever.
Buy a house, easy.
I need a home for my family to live in as it begins to grow. However good Bitcoin may be as a savings vehicle, a home has real, tangible value to my family now, and it retains that value against inflation.