Post
Topic
Board Bitcoin Discussion
Re: Borrow fiat with your Bitcoin and never sell
by
Cannabijoy
on 01/08/2022, 23:27:53 UTC
Have any of you heard of “Buy, Borrow, Die”? It’s what billionaires do, and it’s why they never pay taxes. If more Bitcoiners followed this strategy, the price of Bitcoin would also rise because we would have more holders.

Basically, you buy an asset that is sure to appreciate. What you lose in interest, you gain substantially more in equity- allowing you to borrow even more. This is why I said I wouldn’t borrow more than half of what Bitcoin is worth at any given time. This will ensure you do not lose all your Bitcoin.

https://www.wsj.com/amp/articles/buy-borrow-die-how-rich-americans-live-off-their-paper-wealth-11625909583