Proprio thanks to cryptos – With the incredible growth of Bitcoin (BTC) and its ilk, the cryptosphere has many wonderful success storiessuch as that of the Taihuttu family. The great adventure of the day takes us to Australiawhere a young – then aged 18 years old – did in 2017 the bet to invest in the future of crypto-assets.
Young Student Spots Bitcoin’s Inflation Protection
The story of Nguyen Lawa now 23-year-old Australian, begins in 2017 when he makes a first purchase of a few hundred dollars for his first bitcoins and ethers (ETH).
As he explains in an interview with news.com.au, however, it was not until a little later, in his second year of university in economics (in 2018), that he had the real click for the potential of Bitcoin:
“Crypto came back into my life when I took a college course on inflation. I learned that bitcoin could be deflationary. (…) I was earning less than 0.5% interest on my savings account at the bank. (…) I wanted to protect my purchasing power, protect my current savings, make sure my money didn’t disappear [éroder par l’inflation]. »
It was at this time that our young Australian went to top speed in its crypto investments. He then followed an investment strategy by regular purchases of BTC and ETH, the so-called Dollar-Cost Averaging (DCA).
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“I’ve always dreamed of living in my own house”: thank you cryptos!
By dint of patiently accumulating, Loi Nguyen ended up having his first whole bitcoin, but he continued to buy the two most valuable cryptocurrencies on the market, until recently. Indeed, after having HODL since 2017 all his crypto-assets bought, he finally has some spent in order to carry out a life plan who was close to his heart.
A few days ago, his offer to purchase a large apartment right in the center of Brisbane, in the Australian province of Queensland, was accepted. To obtain this property worth 430,000 Australian dollars (about 285,000 euros), the young man explains that his cryptocurrencies have greatly helped to pay the 20% deposit (86,000 Australian dollars):
“About half of that amount [pour la caution] consisted of cryptocurrencies. I always dreamed of owning my own home to be able to live there (…) Cryptos allowed me to do it much earlier”.
The young Nguyen, however, did not not spent all his precious BTC and ETH in the operation, far from it. He only took half of his crypto wallet here, and HODL always firmly the rest. Like many others, he therefore participates in the current and new accumulation phase on bitcoin.
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