If Bitcoin goes up very high should i buy a house?
Ive been thinking if it went into very high figures i could cash out 80-90% of bitcoin and buy a house outright with no mortgage. Is that even a good idea though? - basically 80% of networth in a house hmmm. On the other hand i dont want to have a mortgage and im fed up with renting due to landlords, letting agents and lack of control.
Why not? The money is all yours you have earned. So you are allowed to buy a house with it, but you need to look at your country's law. In my country when you are withdrawing money to euros you need to pay taxes if you don't you could get a huge fine. So most people are just paying these tax in order to use bitcoin.