This Person Successfully Paid Off Home Installments Using Bitcoin

Illustrated bitcoin (Andre Francois - Unsplash)

JAKARTA - The increase in the price of Bitcoin is an advantage for investors. This was experienced by a journalist named Jim Cramer.

He managed to pay off his home loan (KPR) by selling part of the Bitcoin he had bought when the price was still at the level of 12,000 US dollars. The television show host Mad Money has already paid off a residential mortgage with the profit he made from investing in Bitoin.

"I paid off the mortgage yesterday with that (Bitcoin)," said Cramer, quoted by CNBC International on Monday May 3.

However, Cramer did not reveal more details regarding the timing of selling the most expensive crypto asset. In mid-April 2021, Bitcoin had touched a record high of 64,000 US dollars. Now the Bitcoin price is in the range of US $ 58,000.

“From the charts, I may be the only natural seller, but it's great fun being able to pay off the mortgage. It's kind of fake money to pay real money, "said Cramer.

"Now I own a house and buy cryptocurrency," he added.

For information, having a home in the US is not an easy matter. Because the average house price there reached 272,446 (around Rp3.94 billion) as of last April, as reported by Reader's Digest.