A 23 years old young boy from Queensland, Australia, played the long game of collecting Bitcoin (BTC) and Ether (ETH) for several years and diversified his crypto portfolio. With patience and perfect planning, he was able to purchase his dream property. During the market’s fall, he overcame increasing real estate prices during the 2020 bull run and acquired his dream home. Nguyen began his journey of crypto investment in 2017 by acquiring a few hundred dollars’ worth of BTC, ETH, and regular equities. His interest in cryptocurrency grew to new heights while he was getting a degree in economics. Despite the interim bad market of 2018, the young investor continues to diversify his portfolio into cryptocurrencies by using a dollar-cost-averaging (DCA) investing strategy. He revealed that he understood that he took a lot of risks. But he stated that he wanted to maintain his purchasing power and his present savings and ensure that his money did not shrink away.
He stated that crypto came back into his life when he took an inflation course at university, where he discovered that Bitcoin could be deflationary. Nguyen explained that traditional banks’ lower borrowing rates (less than 0.5 percent) would never let him enter into the real estate sector. Nguyen’s crypto assets surpassed the value of his stock portfolio as traditional markets crashed at the outset of the COVID-19 pandemic in 2020. This was the point at which his investing concentration shifted from traditional markets to cryptocurrencies, with him finally amassing 1 BTC over the course of many months.
Nguyen cashed out his crypto assets in November-December 2021, when BTC hit an all-time high of $69,000, with the intention of purchasing real estate. Less than half of the young Australian’s bitcoin assets were liquidated. Nguyen acquired a one-bedroom flat in Brisbane for $314,000 ($430,000 Australian dollars) with a downpayment of roughly $62,735 ($86,000 Australian dollars). He remarked that approximately half the money for the downpayment came from his previous crypto investments.
