Posts

avatar of @dagger212
25
@dagger212
·
·
0 views
·
1 min read

Definitely something to pay attention to in the future. As others have said, you definitely need to read the fine print. But using Bitcoin as collateral rather than having to pay capital gains by selling it could literally save you tens of thousands of dollars in taxes, not to mention the fact that you still "own" your Bitcoin so if it keeps rising you benefit from that as well.

I would say that this is something you can do as long as you're capable of making the payments in fiat and aren't relying on the price of Bitcoin. I will definitely keep this in mind (if I ever get enough Bitcoin to matter--lol).

Nice write-up!

Posted Using LeoFinance Beta