We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. I explained this formula to my wife at night and she was not willing to give me her jewelery at first but today she told me by herself that you can sell my jewelery and invest in Bitcoin. At present I am forced to sell my wife's jewelery as I have no fiat money.
I seek advice from expert investors/holders/users of this forum,,,,
whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?
As long your wife is okay with it and well-aware of the risks as well as the “no promise or guarantee” thing, then that’s fine.
In your statement here you said that it could have a chance to go “x10” in 2024 because of the Bitcoin halving. Real talk here. Bitcoin can’t guarantee you that. No astronomical or guaranteed returns. That’s what you need to prepare.
The concern is what if in the next day, week, month or so, BTC had “tanked” because of another “big bad news” similar to lFTX, Terra Luna, bankruptcies, etc.? The truth is that we cannot avoid another bad news in the future that would tank the market.
Are you prepared for any circumstances like that later on especially that it’s your wife’s jewelry?
Coz’ I have seen some social media posts on FB, Twitter, etc., in which their partners have decided to broke up with their spouses, file divorce, etc., because of this kind of stuff. Just saying.