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[Follow up] I Took a 7% Bank Loan to Buy 1 Bitcoin in November—Here’s How It’s Going
Back in November 13, 2024, I posted here about doing something a bit unconventional—I took out a 7% bank loan to buy 1 Bitcoin at $88,744.76. At the time, I got a mix of feedback: some folks called it bold, others reckless, and a few said I’d be wrecked if BTC dipped. Well, here’s the 6-month follow-up: • Current BTC price (May 18, 2025): $105,800 • Gain in value: +$17,055 • Interest paid so far: ~$3,100 (interest-only payments at 7%) • Net profit after interest: ~$13,950 • Loan balance: unchanged (I’ve only been paying interest) https://www.reddit.com/r/Bitcoin/s/knilbD9lz8 Let me know your thoughts?? submitted by /u/Soggy-Welder2265 [link] [comments]
![[Follow up] I Took a 7% Bank Loan to Buy 1 Bitcoin in November—Here’s How It’s Going](https://a.thumbs.redditmedia.com/UmZPICbgvt2uwtXlgF5laGG9ReSZdHa1XH2w_dDoWG0.jpg)
| | Back in November 13, 2024, I posted here about doing something a bit unconventional—I took out a 7% bank loan to buy 1 Bitcoin at $88,744.76. At the time, I got a mix of feedback: some folks called it bold, others reckless, and a few said I’d be wrecked if BTC dipped. Well, here’s the 6-month follow-up: • Current BTC price (May 18, 2025): $105,800 • Gain in value: +$17,055 • Interest paid so far: ~$3,100 (interest-only payments at 7%) • Net profit after interest: ~$13,950 • Loan balance: unchanged (I’ve only been paying interest) https://www.reddit.com/r/Bitcoin/s/knilbD9lz8 Let me know your thoughts?? [link] [comments] |
