Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
lightfoot
on 20/10/2021, 17:24:11 UTC
InvestAnswers just said something I've been thinking about for a while.

Although paying off my mortgage is something I could do with the BTC gains he pointed out if you borrow against 2-3% it's really (almost) free money considering the massive inflation rate.
Michael Saylor has been talking about the near zero business loans also.
At least mortgages for individuals are still low, unlike ridiculous credit card rates.

Furthermore I believe BTC will go much higher.
A $1 million BTC and even $10 million BTC in the next 5-10-15 years will not surprise me. Well before my mortgage ends anyway.

Also, these free interest loans on furniture etc make sense since you will really pay less over the entire period rather than in 1 chunk today, again due to inflation.

More to the point, if I took out a half million mortgage at 4% then I would have covered the whole interest payment for the year like... this morning.

So yeah. I've been debt averse all my life. Maybe it's better to take on some debt than sell some corn. Thinking about this.