Building a financial market with real estate as the foundation is the stupidest thing ever.

This foundation is garbage.

More of it can be created.

The whole financial system is shaky because houses are not a strong foundation to build on.

We need houses to live.

Using housing as the foundation of finance means the value of housing keeps going up and it becomes more difficult for us to pay for the basics of life.

The foundation is subjectively valued.

The price of a house in a neighborhood could change based on multiple factors, including the opinions of the person valuing it.

Governments can rug-pull the housing market overnight by raising property taxes.

The housing market survives at the mercy of the government.

Governments want houses to go up in price because they make more in terms of property taxes.

Once they don't need property taxes anymore to survive, they will change their approach to growing their city and attracting immigrants.

The financial system's foundation will be Bitcoin.

Bitcoin is the most stable foundation to exist in finance.

No matter what, 1 BTC = 1 BTC.

Nothing else is as fungible, divisible, portable, scarce, immutable, censorship-resistant, durable, and verifiable.

Nothing else can replace Bitcoin.

Once banks and governments figure this out, they're going to change how they interact with Bitcoin.

They will embrace it rather than trying to get rid of it.

They will need to, to survive.

- Rajat Soni on X

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