Cryptocurrency News

Borrowing to buy Bitcoin: Is it ever worth the risk?

08/03/2022

Less than a minute

2022.08.03 18:38

Borrowing to buy Bitcoin: Is it ever worth the risk?

The cryptocurrency space is expected to reach 1 billion users in 2030. While some have been known to make a fortune off of it, others have ruined their finances, chasing similar results, going as far as getting credit to buy crypto by putting up valuable assets, including their homes, as collateral.

Borrowing to invest can make sense under very specific conditions, but using a home equity loan is also extremely risky. For example, it means that an investor’s home is being put up as collateral on loan.

08/03/2022

Less than a minute

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