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.
@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 ?
@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.
@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.
@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.
@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.
@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
@leonwankum
Imagine thinking digital lines of code are rare π
Greatful fool game is fun until the music stops and you're left bag holding nothingness