#Bitcoin
is to real estate what email was to the postal service.
The digital disruption
#Bitcoin
embodies to the real estate industry can be likened to the advent of email.
Just as email and other internet-based messaging services revolutionized communication by becoming the…
@leonwankum
people will still own primary residences
but no reasonable person will own multiple investment properties, with all their associated headaches, when they can instead store their savings in bitcoin
@leonwankum
I’m all for this narrative taking hold. But I’m going to enjoy my Ski in Ski out Deer Valley investment property infinitely more than my btc sitting in cold storage over the next 20 years. These are the intangibles that are hard to value when it comes to R/E and diversification
@PhilCrypto77
Absolutely—if it has a high utility value for you 👊 but I expect the speculation happening in RE to balance out Inflation to move over to BTC.
@leonwankum
This is not quite true.
I only purchase properties that I enjoy using, even if it means not fully optimizing ROI.
I do think it's fair to expect
#Bitcoin
to take some capital from real-estate (I've sold property for it), but I don't think it's the same level as mail > email.
@mezhermikey
You could be right, that it is less severe— since the utility value of real estate is not tied to its SOV function. Whereas postal is useless if you can also send messages via WhatsApp for example. But, the RE industry will be deeply affected and so will be RE values. 👊
Home is just a commodity! No need to be emotional about it, Just like we aren't super emotional about food as it is abundant after the "Green revolution".
Homes will be super easy and abundant after the " Bitcoin Revolution "!
Strip it's monetary premium away!
@leonwankum
The only flaw with this concept is that it is too narrow of a scope.
#Bitcoin
can engulf the store of value propositions of not only real estate but Art, Collectibles ( cars, cards, etc.), Precious Metals, Venture Cap, Equities, Forex Markets - it starts to get scary when you…