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Choosing between Bitcoin and Real Estate (For Long Term Horizon)

Hey Guys!

I own a couple of properties in lower Manhattan and had purchased bitcoin seven years ago. Despite the excellent returns on both of these investments, it goes without saying that my bitcoin investment has outperformed both of them. In May 2015, when it was still a very risky investment, I bought 30 bitcoins for about $250 each. Except for the fact that last year I used 1 bitcoin to fund my mining rig, which has so far brought in a lot of money (my initial investment is already paid off and I receive $35–$40 per day from this investment), I haven't sold any of my holdings yet. I have no plans to sell any of my properties or my bitcoin holdings, at least not until it reaches its all-time high (during this period, my investment in btc, which at the time of purchase was worth about $7500, was then worth over $2M last year in November and is now worth $590k). My properties in lower Manhattan bring in a combined rent of $6720 per month, which is great.

I want to retire before I turn 40, and I have set aside $450,000 over the years. Although I've always considered real estate to be a "safer" investment, the risk-reward ratio has undoubtedly been much higher with bitcoin. If bitcoin takes off, $450k might yield me higher returns, but it could also be equally risky, and I could lose a lot of money as well. Due to the fact that I have my other investments as a backup, I am somewhat okay with the risk.

What direction do you think the real estate market will take over the next few years, keeping in mind the current state of the economy? Please share your thoughts.

submitted by /u/ScentedNervousness
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source https://www.reddit.com/r/RealEstate/comments/x2ac3v/choosing_between_bitcoin_and_real_estate_for_long/
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