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> Just spend a fraction of the sum on bitcoin and do something safe with the rest. What was the plan? On the other hand, I can see investing in firms that the
by HWR_14 4y ago
> Just spend a fraction of the sum on bitcoin and do something safe with the rest. What was the plan?
On the other hand, I can see investing in firms that then take out huge loans to buy crypto. The math reverses itself. Crypto goes up, and you make far more than buying BTC without leverage. Crypto goes down and you lose your entire investment, but are limited to that (as opposed to taking out the loans yourself).
I suppose if they felt the loans were collateralized by something that was more solid than crypto, that makes sense. Like, yes I'll loan you money backed your MSFT shares or whatever, and you can spend it on crypto or whatever.