Why Borrowing Money to Buy Crypto Is a Really Bad Idea – The Motley Fool

Why Borrowing Money to Buy Crypto Is a Really Bad Idea – The Motley Fool

Cryptocurrencies have been a hot investment for some time now, and it seems like every day there are stories of people becoming rich by investing in them. With all of the hype surrounding cryptocurrencies, you may be tempted to invest as much as you can in them — and potentially even borrow a lot of money in order to do so.

The reality, however, is that borrowing money to buy crypto is a really bad idea. It is not something anyone should do.

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Why you shouldn’t borrow to buy crypto

As a general rule, borrowing to buy most investments isn’t advisable. You’ll be committing to paying
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