I've just joined the forum earlier tonight (UK), so hello to everyone.
I'm not rich but have sufficient bitcoin/crypto to be wondering about the possibility of buying a modest house/property/land if crypto continues to rise next year and property prices collapse significantly. So I was wondering about the potential to buy property with crypto, not just here in the UK (preferably), but globally?
Property prices are currently high and (crazily) going higher (here), but if the anticipated collapse happens next year I want to know my options, especially if crypto goes to new ATH during that period, as I hope/anticipate. Can you buy a house with crypto, or do I need to convert to fiat (£ etc.) before I do so? What are the tax repercussions, even if I can? Etc..
Any advice/thoughts welcomed, lest I skewer myself next year. Enjoy your weekend.
Welcome to the forum.Next year, you can find a huge fall in the price of property. If the luck favors you, you may have a chance to buy a property. Buying property is easy with your hardwork and maintain it will be the tough task. The price of bitcoin had reduced again, so it will be good chance to buy again with less price.You can sell those next year and can buy property with it.