Bitcoiner and a Redditor catches out his high priced Bitcoin to offset mortgage

Spread the love

Reddit’s r/Bitcoin culture is always gripping our heartstrings. On Thursday, a user called “u/Bigtony96” reported to have sold their entire Bitcoin (BTC) stash to pay off the mortgage of their parents.

The Redditor reportedly unloaded a total of 6 BTCs accrued over the last three years to close the remaining balance on their parents’ house. They said there was enough money left to pay taxes and maybe purchase a new vehicle.

“Today is the day I’ve been dreaming of for the last few years, and it feels so surreal,” said the person.

In the thread, U/Bigtony96 described their reason for trying to support their parents, whose restaurant company was ruined by government lockdown orders:

“My parents are everything to me. […] They’re in the restaurant business and the pandemic forced them to burn through a large chunk of their savings, and they stress out over finances every single day. My dad always told me one day he’ll retire once the house is paid off, and that day is finally here.”

Although U/Bigtony96 did not state precisely when the BTC was sold, the sale likely happened on Thursday, as indicated by the title of the post: “Only sold to pay off the mortgage of my parents.”

RECOMMENDED READ:  Bitcoin Crushes Previous All-Time Market Highs Surpassing Bull Run 2017 's Bull Run

Bitcoin’s price soared past $40,000 on Thursday, in a stunning show of power. As KogoCrypto has noted, it took BTC less than three weeks to double the price of $20,000.

This is not the first time that we have reported on an interesting stories from Reddit’s Bitcoin and Crypto groups.  We wait to see what will come next.

 387 Interactions,  2 today

BAT, Dash, Monero Price Movement Analysis for 2nd March 2021

BAT's on-chain indicators supported a positive result, but a crucial challenge awaited the bulls with a $0.59 resistance. Dash moved Read more

Yellen’s criticism of Bitcoin dismissed by Miami Mayor

Miami and Mayor Francis Suarez have worked over the last few weeks and months to position the city as the Read more

Van Eck’s proposed Bitcoin ETF listing filed by CBOE

CBOE is seeking to re-enter the crypto sector, filing to list the Bitcoin ETF proposed by asset manager Van Eck. Read more

  • 1

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us

%d bloggers like this: