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Pay off debt vs Invest in BTC/Crypto

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by COINS NEWS 53 Views

I’m currently in a situation where I have a significant amount of debt, but I earn a comfortable salary.

I have a mortgage at 2.6% fixed, 2 interest free loans and a 15K 10% APR car loan.

I have enough spare income to over pay the highest interest rate debt (car), which in theory seems like the sensible option as it’s a guaranteed 10% yearly return, and it’s in uncomfortably high loan rate.

However… if I think logically, in the long run over the next 5 years I really cannot see a scenario where bitcoin alone would not outperform 10% year on year.

With this in mind, I’m very tempted to pay the car loan payments and plough the rest into crypto, something in the region of 90% BTC and 10% CRO (moonshot).

Anyone else in a similar position?

Do you prefer to consolidate moderate interest loans first or are you happy to risk it on BTC instead and just pay minimum payments?

I have been in BTC since 2017 for what it’s worth, and am investing for the long term.

submitted by /u/umirinbrah29
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