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With Bitcoin recent return to ATH, some moonstruck Bitcoiners have begun taking out bank loans to increase their position

Perhaps inspired by Didi Taihuttu, a 39-year-old man who believes in Bitcoin, selling his house and all his belongings to invest in Bitcoin and some other cryptocurrencies – some have started a bank loan to increase. their position on the asset. However, this is still a rather risky path because Bitcoin and the cryptocurrency market are inherently volatile assets.

Borrowing from a bank to buy Bitcoin is the right investment method?

According to Peter McCormack’s podcaster What Bitcoin Did, he revealed he bought 2.55 Bitcoins with a loan of $ 46,250 with the expectation that he would have to pay back more than $ 57,000 within six years.

McCormack said:

“In December 2026, if Bitcoin is at $22,669.35, I break even. I wanted to borrow a lot more. My cash flow can easily support the $800 monthly repayments but this was the limit I could do with my bank after thinking about the idea for a couple of minutes.”

Elsewhere, Vitalik Buterin also revealed in a tweet that he sold half of his Bitcoin holdings in 2013 when he had only a few thousand dollars of net worth instead of borrowing from a bank to buy more cryptocurrency.

It seems to them that selling cryptocurrency for maintenance is better than borrowing from a bank to buy crypto. However, there are still some mixed opinions.

One Redditor claimed to have borrowed at the end of September when the Bitcoin price was below $ 11,000 yesterday said they are borrowing more now the price is more than $ 19,000.

They said I’m crazy to take a loan and buy at $11k from r/Bitcoin

Redditor Grimeflea said:

“What you did was a gamble and you got lucky. Because you got lucky you think you hacked it and you’ve done it right. This psychology will burn you before long. Anyone thinking you can smartly invest someone else’s money is an idiot.”

In June that a flight attendant based in the United Arab Emirates risked imprisonment and mounting debt after he failed to repay a $ 100,000 loan with the Emirates Islamic Bank.

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