Is Using Crypto Profits To Fund a Home Down Payment a Good Idea?
If you make money investing in cryptocurrency, ka-ching. You've won a lottery of sorts. By all means, if you're in the market for a home, use those newfound gains for the down payment, and welcome to the American Dream.
So what's the catch? Yes, there's always a catch, and here it is: Crypto is highly volatile. Says Redfin's chief economist Daryl Fairweather regarding crypto investing on Redfin's blog: "Some of those investments went up in smoke, but others went to the moon, or at least rose enough to help fund a down payment on a home."
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Source Fool.com
