Funny Maths!

#crypto #wisdom #truth #math #marketcap #marketcap #price #bitcoin

Truth lies in using realistic figures. Median house prices for most people in western countries are more likely USD 500k to 650k.

In 2016 I was buying Bitcoin for around USD 600 to 700. Thus in 9 years it has multiplied by 150 times approx.

Overall its rate of growth against asset classes is far more significant than any other asset and certainly better than the rate most western fiat currencies are being debased.

Further, as many believe, as the debasement of fiat continues at an ever alarming pace we will see several things:

1. A flight to safe assets such as #gold and #bitcoin

2. A desire to spend fiat on anything as fast as people can to avoid holding fiat.

3. A drop in real estate values (and the stock market) as people exit assets they do not immediately need - maybe they will keep their family home (but financial pressures may force these onto the market). Look at what has happened in Shanghai as a recent example (other factors noted).

So we can expect further jumps in safe asset (fiat) prices compared to other assets.

Accordingly, 0.5BTC houses is quite realistic.

Literally possible and already proven with 2016 house prices being around 1,500 BTC compared to 6-7 BTC now!