I don’t have enough Bitcoin (yet) to borrow for anything significant, but this is my ultimate plan. When I get enough Bitcoin, I would borrow no more than half its worth (in case the price drops), and then I would still have Bitcoin along with whatever property I buy with the borrowed money.
This seems like a smarter move than to sell the Bitcoin for fiat money. If I sell, then I have to pay capital gains tax. When the cash is borrowed, there is no tax. Since I still have the Bitcoin, then I will gain when the price rises. If I only have fiat, the “price” will always go down because of inflation.
I hope Bitcoin will eventually replace the fiat system, but until then, the market for cash favors borrowers over savers. This seems like a win-win situation.
Does anyone else plan on doing this?
Because the cash market is more likely to have an advantage, if it is lending rather than savers, that's why they are more after that kind of thing, but actually we can also take advantage of bitcoin to get maximum profit.
For example, we can buy bitcoin at a low price, so we can trade until bitcoin goes up at a high price, especially now that market conditions have an opportunity for us to buy and make investment schemes as we want.
The most important thing is that the method we use can generate profits, whether large or small, it really depends on how prepared we are in making investments, be it capital or the long or short-term strategies that we use.