I want to talk about the impact that I think the rise of Bitcoin could have on real estate prices over the long term.
In short, I believe that if Bitcoin reaches trillions in market cap and becomes a globally recognised form of sound money, it could actually have a negative impact on the price of real estate as it's no longer treated as a store of value, which is what happens with the kind of inflationary monetary system that we have today.
But what do you think? Let me know!
▲▲▲▲▲ Looking to get started with cryptocurrencies? Check out my crash course here: https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
»»»» Learn to code with Ivan on Tech's Academy. EXCLUSIVE offer - just $9 for first month: https://academy.ivanontech.com/louis
Crypto Merch Link: https://www.moonmerch.co/
Bitcoin rise up slow day by day. Thats very great news for us. We also hope bitcoin price more more going up soon as soon. Hopefully more big investers come and invest money in crypto market. Steem price also going up. Thanks for sharing your great review. @louisthomas.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can't see this thesis playing out as if the current financial system busts people will take refuge in defensive assets and property is considered the ultimate defensive asset. In a Hyper bitcoinised world investors may diversify their risk profile by buying up tangible assets such as property. Finally while there will no doubt be volatility going forward, people still need somewhere to live so IMHO property will remain an attractive investment option for the foreseeable future
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If the price of bitcoin could reach the trillion dollar cap, then bitcoin will certainly replace real estates as a store of value because the price of bitcoin will be increasing steadily over a long term due to its mass adoption by the global communities by then
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ah this is very insightful. When we have a store of value that can also be a medium of exchange it undercuts the other stores of value because crypto has more utility.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that the two will remain uncorrelated as they ultimately have different supply and demand factors that while can influence each other will also been segregated from decisions of their owners.
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think that if we get to a point in time where Bitcoin's market cap is in the trillions, then there would be no need to compare it to the $ anymore because it would be dead or in a hyper inflationary spiral, for crypto to truly take over the dollar standard will eventually have to disappear.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Put your money in bits and alt coins instead of bricks and mortar!
That was kinda the aim of the white paper too disrupt the old corrupt financial monopolies.
In London you can't buy a house while "The number of long-term vacant homes in Kensington and Chelsea has risen by nearly 25% in a decade."
Meanwhile in France the Gilet Jaunes are planning a bank run
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting. I’ve always loved the idea of a home being a home and not considered a financial asset.
If bitcoin can help that future pan out then I’m a backer of it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit