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Australian Investor Purchases Dream Home Using Crypto Profits

Published 03/14/2022, 02:25 AM
Updated 03/14/2022, 02:30 AM
Australian Investor Purchases Dream Home Using Crypto Profits

  • A 23-year old from Australia named Loi Nguyen purchased a property worth $314,000.
  • At the start of the Covid-19 pandemic, the investor shifted his investment portfolio to be majority cryptocurrency-focused.
  • Nguyen cashed out less than half of his cryptocurrency portfolio, leaving him around $31,400 at the time, for downpayment.

A 23-year old from Australia purchases a property worth $314,000. The person, named Loi Nguyen, was able to do so thanks to his planned cryptocurrency investment strategy.

A resident from Queensland, Nguyen patiently accumulated BTC and ETH over several years to eventually be able to afford his dream home following the 2020 cryptocurrency bull run.

In 2017, Nguyen started his journey as a cryptocurrency investor. He purchased a few hundred dollars’ worth of bitcoin, ether, and traditional stocks. However, in 2021, his cryptocurrency investments outweighed his entire stock portfolio.

In an interview with news.com.au, Nguyen revealed that the lowered interest rates of t ...

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