1 vote

Bitcoin Breaks the $100 dollar barrier today and has a market cap of over $1 billion

Bitcoin now has more value than many small countries! 20 at last counting.

http://rt.com/news/bitcoin-challenge-dollar-currency-121/




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Makes one wonder

If one took a loan on their retirement (not a 401k) and was to pay it back in nominal dollars, what would the financials look like if that money grew in the form of bitcoin for a year?

Say $25k was available. I think you can only borrow 30% so that's $17500. Double value (a very conservative estimate) means $35k minus 40% of the income half. That leaves $28k clear to repay the $17500 for a profit of more than $10k. Hmmmm....