Go mate! Gotta roll the dice sometimes
What loan product did you use?
Discussion
That is the kind of play I’d look at doing, but for me not for 18/24 months or so
I personally see a big sell off next year, and I don’t understand how even MSTR won’t be taken down with it
Saying that, if you can carry the debt all the way through, could well be a nice leveraged play
Thanks for sharing. And good luck! Really inventive use of BTC collateral that only a handful of people globally will be trying
I see the big sell off but I suspect it will be at fiat levels much higher than this. Meanwhile they accumulate more paper Bitcoin.
It's a fiat bet using dirty fiat debt & it's brought up all sorts of emotions I haven't felt in a long while.
I used a Swiss bank to obtain a line of credit in euro at 7% pa. It required an LTV of 0.4 & a shitload of invasive questions about my net worth & professional background. I won't name them here because I've been pretty frustrated by the whole experience (it took about 2 months to get set up). I do like the interest rate & that it's a perpetual line of credit (lombard loan with no end date).