@leonwankum
Leon Wankum
1 year
In a collapsing fiat system (pre-bitcoin), real estate became the most popular store of value and basis for creating wealth. #Bitcoin will eat this lunch. It is rarer, more liquid, easier to move and harder to confiscate.
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Replies

@RealRamonTiscar
Ramontoshi
1 year
@leonwankum That's exactly what I expect. For the reasons you explained, #bitcoin will eat part of the real estate lunch, as well as part of bonds, stock and other assets. It will be a nice lunch time for bitcoin holders ?
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@leonwankum
Leon Wankum
1 year
@RealRamonTiscar most likely 😎
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@PM_BW7
Postmaterialist
1 year
@leonwankum You just can’t live in πŸ˜…
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@leonwankum
Leon Wankum
1 year
@PM_BW7 Not until we can lend against it to live in a home 😎
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@ronatola
Ron Atola
1 year
@leonwankum I respect this tweet coming from someone like you Leon, with a history and who also works in the RE industry.
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@leonwankum
Leon Wankum
1 year
@ronatola πŸ‘Š
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@usernumberone72
usernumberone
1 year
@leonwankum I ponder, will there be a huge drop in real estate as bitcoin hyerbitcoinzation comes into full swing? Would love to hear your thoughts, leon.
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@leonwankum
Leon Wankum
1 year
@usernumberone72 Good question. As this will most likely take several decades + QE and low interest rates will kick in again I'm not so sure. However, I'm sure RE won't appreciate as much as it has in the past as people will start putting their money in #Bitcoin instead.
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@MrSmithBTC
Brian Smith
1 year
@leonwankum #Bitcoin is simply a far superior asset to real estate and has every upside over it. Canada is an example of hyper-real-estate mania run amok.
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@GlennPudick
Glenn Pudick
1 year
@leonwankum No property tax;)
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@markthevic
Mark Mitrovic
1 year
@leonwankum Absolutely. I just touched on this in my latest writing. I link Saylor’s epic monologue on Bitcoin as an apex property.
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@leonwankum
Leon Wankum
1 year
@JohnFerrughelli Real estate will always have value. Utility. Rent + production. It loses the monetary premium it carries as a store of value as people use bitcoin for this purpose.
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@nondualHodl
nondualHodl
1 year
@leonwankum Also harder to tax "unrealized gains" on BTC vs easily implemented tax on real estate
@nondualHodl
nondualHodl
1 year
@jeffyew_ Real estate is a sitting duck for punitive taxation on the rich Taxing unrealized gains on stocks sounds radical and is complicated, while taxing real estate is simple and already widely accepted Camel's nose under tent with 0.05% federal rate, higher rate for mansions etc
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@accounttoblock
Midas.nocoins 0/∞ = 0
1 year
@leonwankum Imagine thinking digital lines of code are rare πŸ˜‚ Greatful fool game is fun until the music stops and you're left bag holding nothingness
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