Finally, a good reason to sell Bitcoin: Hodler liquidates to pay off parents’ mortgage

Reddit’s r/Bitcoin group continues to tug on our heartstrings. On Thursday, a person by way of the title of “u/Bigtony96” claimed to have offered their whole Bitcoin (BTC) stash to repay their oldsters’ loan. 

The Redditor supposedly unloaded a complete of 6 BTC gathered during the last 3 years to near out the remainder steadiness on their oldsters’ house. They stated there was once sufficient cash left over to hide taxes and, most likely, purchase a brand new automotive.

“These days is the day I have dreamt of for the previous a number of years, and it feels so surreal,” the person stated.

Within the publish, u/Bigtony96 defined their motivation for short of to assist their oldsters, whose eating place trade was once ravaged by way of govt lockdown orders:

“My oldsters are the entirety to me. […] They are within the eating place trade and the pandemic pressured them to burn thru a big chew in their financial savings, they usually tension out over funds each unmarried day. My dad all the time informed me someday he’s going to retire as soon as the home is paid off, and that day is in any case right here.”

Whilst u/Bigtony96 didn’t specify precisely when the BTC was once offered, the sale most likely took place on Thursday, as evidenced by way of the identify of the publish: “Simply offered to repay my oldsters’ loan.”

Bitcoin’s worth surged above $40,000 on Thursday in a exceptional display of power. As Cointelegraph reported, it took BTC not up to 3 weeks to double in worth from $20,000.

This isn’t the primary time Cointelegraph has picked up on intriguing tales from Reddit’s Bitcoin and crypto communities. Previous this week, Cointelegraph reported person offered their loose Reddit Moon tokens to make hire after burning thru all their financial savings. Every other controlled to covert their Moon tokens, that are earned thru group engagement, into Bitcoin for big income.

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