"Can I take a loan to invest in bitcoin" this question was asked by a friend
What is your advice?
Investments in Bitcoin or other cryptocurrencies can never guarantee you a profit. Yes it is true that it is possible to make huge profit from here but there is no guarantee that how long after investing you will get good profit. When you take out a loan to invest in Bitcoin, you must repaid the loan with interest. So if the price of Bitcoin takes longer to rise, you will have to pay more interest. So you must stay away from loans when it comes to investing in crypto. Because the price of Bitcoin may decrease after investment. so be careful from thinking about loan when you will invest in crypto