Even if someone doesn't own #Bitcoin they still benefit from its adoption.

What happens when the wealthy realize that owning Bitcoin is more profitable than owning rental properties? Or stocks? Or lending money to their government through bonds?

Every dollar that goes into bitcoin is a dollar that is taken away from demand for real estate, stocks, bonds, etc.

I have conversations with Bitcoiners every single day.

Some of them were hardcore real estate investors until they studied Bitcoin.

They are now selling properties to buy Bitcoin because they understand that this is much better money.

I think we are going to see a lot of housing supply coming to the market over the next thirty years as investors sell their properties to buy #BTC.

It won't be worth it for the wealthy to hold excess real estate because it won't be as profitable.

An investment property that's worth $500,000 or 10 BTC today will be worth 1 BTC or less within 10-15 years.

If you have an extra $500,000 to invest, why would you choose to buy an investment property if you understand that BTC is a better savings vehicle?

With Bitcoin you avoid:

- Interest (halal)

- Maintenance & repairs

- Inspectors

- Having to deal with tenants

- Having to collect rent

- Realtors and lawyers

- Property taxes

The wealthy are incentivized to own Bitcoin, not real estate, leading to housing becoming abundant for everyone else.

Reply to this note

Please Login to reply.

Discussion

Gresham's law 🙂