- Invest a % of my Income into BTC (£100,000 / $120,000) - I have almost completed this step
- Wait for that investment to grow by 5-10x
- Pull out my profit and invest into residential property
- Live off the rental income (passive income will be £100,000 / $120,000 p/a)
what if your local gangsterment forces you to sell the property to them, below market value via compulsory purchase?
If Bitcoin goes to 0, then it will be a major setback. It wont ruin me, but it will take me two years to save up that money again (saving £50k from my £75k post tax income).
this is increasingly less likely
Bitcoin is financial freedom, because no-one can subvert your possession of it. This means demand will always be high, ensuring a high value. Satoshi was no slouch, y'know
Honestly I have thought about this - what if the government confiscates property?
Well long-term I am going to buy property in other countries.
I'm also going to be buying Gold.
I'm also going to be leaving some funds in Bitcoin, and also buying back into Bitcoin if there is a major dip after I cash out.
If history repeats itself we may see an influx, and a dip afterwards.