Quote from: Fiatless on March 24, 2025, 03:33:28 PM

Quote from: Berryfolia on March 24, 2025, 03:01:03 PM

The first person to sell their home for bitcoin already happened in Alberta,Canada who sold his home for the equivalent of $405,000 worth of bitcoin(which was worth much less then),do keep in mind that this was like years ago when 1bitcoin was worth $70,whereas to now 1bitcoin is worth approx.$70,000.If cryptocurrency does not blow up in our face,then i think there would be a cryptocurrency for real estate,but it will be something other than bitcoin and something that a governing body would launch.

Before anyone should consider selling his house to invest in Bitcoin, he should know the risk that is involved. He should have a well designed plan to avoid regrets. It wouldn't be a bad idea to sell property to invest in Bitcoin if the individual has more than one. Real estate is a good investment, so it will be better to diversify investment than to depend only on one asset. The Canadian that sold his property to buy Bitcoin was brave, he deserves all the profits.

Even though the population in the world increases, the size of the world never increases, due to which the prices of real assets keep increasing. Therefore, investing in Bitcoin by selling real estate, especially your house, is not a good plan. Bitcoin is a volatile currency and of course it has a lot of potential for the future, but even more potential is having more than one house because it will allow future generations to live without any problems. You should definitely think twice before making such a decision. Otherwise, it can have a very negative impact on your financial future.