Hear me out I want to break down the risks potential rewards and your thoughts
Three years ago (2022) I almost did something crazy take a $50K bank loan and buy Bitcoin
I had doubts back then I thought What if it crashes? What if I can’t pay back the bank
I hesitated I played it safe and now looking back BTC has skyrocketed If I had taken that risk back then I’d be sitting on a huge profit today
The thing is the fear of losing the loan kept me from acting
If I had taken that risk I’d be sitting on a life-changing profit today
The regret? Real
few weeks ago I saw my friend took a loan of 30k to buy a new car and I been thinking how people take risk for material things such Car,Trips,Houses etc even to Gamble
I have the House and do own a Car but don't know that is stopping me to take this risk
I know it’s not the same as three years ago BTC is volatile, interest rates are higher and $50K is still a lot to borrow
But I don't want to make same mistake again
So here’s my question
Would you take a $50K bank loan to invest in Bitcoin today?
Or is this just deja-vu waiting to go wrong?
Here's a high-level strategy one could theoretically explore with a bank loan, but be warned, this is extremely risky:
You could convert the fiat from the loan into Bitcoin. Then, use that Bitcoin as collateral to take out a second loan in USDT. Finally, you would stake those USDT to earn a double-digit APY.
In a perfect scenario, the yield generated from staking could potentially be enough to cover the interest payments on both the original bank loan and the crypto-backed loan.