An Investor Who Took Out $150,000 In Loans To Buy Bitcoin Gives A Three-Year Update. But Everyone Just Wants To Know—How'd He Get 0% Loans?

Three years ago, one Reddit user made a high-risk decision: they borrowed $150,000 using a mix of personal loans and 0% APR credit card balance transfers to buy Bitcoin.

As of June 4, they say that investment is paying off in a big way.

From Bear Market Bet To Big Gains

The investor says they now own 4.75 Bitcoin, purchased at an average price of $35,000. With Bitcoin trading at around $105,000 at the time of the update, their holdings are worth roughly $498,750. After accounting for the $15,000 in interest paid and the original $150,000 in loans, they're sitting on an unrealized gain of over $330,000.