How dangerous it is to invest in Bitcoin with borrowed funds when we know it is trustworthy.
Should I borrow money to invest in Bitcoin as I trust it more than all other coins? Remember that the loan I will take out will have to be repaid after a year, in light of the upcoming Bitcoin halving.
The decision to invest in Bitcoin for one year period with borrowed money can be prudent in the context of 2024 being halving year, and historical patterns/trends suggest that most of time Bitcoin makes new all time high (ATH) after the halving year. However, it is important to approach this strategy with caution and backup plan in case things may not go as expected. In order to mitigate the risks associated with borrowed funds, it is essential to have alternate means to repay your loan, if the price of Bitcoin doesn't reach the anticipated levels within a year.