Given the recent surge in price, there are probably a lot of people who are regretting not buying Bitcoins when they were cheap. Letâs face it though, you would have been taking a massive gamble, as very little was known about the cryptocurrency world.
Despite the odds though, Bitcoin is still going strong, and has been priced close to $20,000. There are still sceptics though, and many people believe that Bitcoin has reached its peak, and that it is not worth buying them now. This is not the same for everyone though, and some believe that the price could just keep growing and are willing to mortgage their home in order to fund their investment.
Joseph Borg, the president of the North American Securities Administrators Association, spoke to CNBC, saying;
âWeâve seen mortgages being taken out to buy Bitcoinâ¦People do credit cards, equity lines. This is not something a guy whoâs making $100,000 a year, whoâs got a mortgage and two kids in college ought to be invested in.â
Borg remains optimistic though when it comes to cryptocurrencies, and believes that they are going nowhere, and are very much here to stay. He doesnât place all of this on Bitcoin though, and states that although he believes that they will last, it might not be Bitcoin. He ends, saying;
âCryptocurrency is here to stay. Blockchain is here to stay. Whether it is Bitcoin or not, I donât know.â
So what are your views on this? Would you risk everything and take a mortgage out to invest in Bitcoins?