2. The other side of the room said it was better to rent a smaller property and to invest the "savings" into something like Bitcoin, because your profit will pay for a bigger deposit or even a whole property in a few years time.
I like that one more.
The thing with Bitcoin and it's massive long term potential is that everything of traditional nature is a waste of time in my opinion. I was seriously considering to convert a chunk of my savings to Gold last year, and then I asked myself why would I do that? Gold won't show any big movements in the forthcoming years, is damn difficult to sell, is damn difficult to spend, etc. Instead, I used the allocated capital to buy even more Bitcoin, and it worked out extremely well.
As long as Bitcoin's potential hasn't been catched up on, I don't see the point of investing in anything else, unless it turns out to be an actually great opportunity.
People are brainwashed to think that real estate is the right way to go, where they completely disregard the fact that parking capital in real estate means you are missing out on everything that's happening in the flashy tech space. Investing in stocks would have been a great option too for people not interested in crypto. Facebook, Google, Microsoft, Amazon, Apple, Tesla; they have done exceptionally well and outperformed the rest of the traditional market.
And btw, thanks for the threads, it's a welcome change with 99% rubbish in this section of the forum. If I had a sMerit left I would have given it to you.