Get a house mortgage with cryptocurrency collateral? Bitcoin OG says the danger outweighs the reward

I am going to by no means trouble with that nonsense once more, says OG Michael Tozoni on getting a crypto mortgage for property funding.

After changing into rich investing in Bitcoin, Tozoni made a smart move to diversify. Not eager to promote your cryptocurrencyhe had massive plans to borrow to purchase an funding property and use the rental revenue to repay the mortgage.

The one downside was that the banks have no real interest in wealthy bitcoiners and like poor wage slaves.

If you’re broke and haven’t any cash, however you’ve a job and a gradual revenue, the banks will probably be more than pleased to offer you cash,” he says. “If in case you have some huge cash and numerous investments, however no revenue, banks do not need to provide you with cash.

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