My plan, simply put is:
- 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)
Having a long term plan if you are engaged into crypto is a very good idea and I have also a plan too.
Since I'm engaged in a signature campaign whose paying me Bitcoin, I hold some while I convert some to invest into different investment like stocks and some of it are for the future business. I want to have a passive income with my early age so I need to learn more and at the same time earn more.
Anyway, you're plan is good. Having a residential property and use it for rental purposes will give you passive income. Good luck with your future plans.