Man takes out a $150,000 personal loan to buy bitcoin: What happened next?
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According to a report by Bijie Network: A bitcoin investor revealed that he took out $150,000 in personal loans over four years to purchase bitcoin at an average price of $35,000 per coin, ultimately holding 4.75 coins. At that time, bitcoin was trading at around $76,000, making his bitcoin holdings worth approximately $356,000, which means he had about 113% in unrealized profits. The investor stated that he is still repaying the loan with his salary and plans to make additional monthly investments if the price of bitcoin falls below $70,000, even considering borrowing another $50,000 should the price drop further.
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