Buying a house is not considered risky because you will use that house every day. Selling the house to buy something you do not use everyday is most certainly risky.
Im not against the choice as such but this is just 1+1=2 in risk analysis. At least the OP should secure his accommodation. If a man chooses to sell a large house and live in a tiny room somewhere then so be it , maybe he saves on heating bills and maybe he can justify it all. But to have have nothing at all as replacement seems unsustainable which is where it becomes an excessive gamble.
If it was written, I run a BTC business and I need the coins for the float on my exchange. Liquidity perhaps, some sort of every day utilisation then that starts to become or a reasonable risk at least.
I would say the same thing if you bought all silver bars. IF you are a jeweller then fine, thats fair enough to go leaning into overstocking it but to have no use and overstock something is plain speculation.
A sensible amount of holding gold for anyone at all, people reading this or your grandma even is about 10% so I'd say the same for BTC. You may never need the gold or the gov might raise interest rates to 10% and the price of gold falls. With BTC, we might see it rise and it is a needed product or again we might see it redundant. Nobody knows for sure, I would guess gov cannot raise rates to 10% nor that btc is easily replaced but we'll see.
Also do we have the transaction link for the 640 btc, or is that not posted for security perhaps
He needs a security advisor. Can a paper wallet be printed out via 3d printer, paper sounds a bit weak
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