I saw a nice newly constructed house nearby today. Great location, solid build, nice yard... Listed for $1M.
I was thinking about a thought experiment.
- Assuming that you have to keep it and can't sell for 5 years; How big of a discount would they have to give you to forego the opportunity cost of Bitcoin?
(Even if I would have the money), I'm thinking that I would feel pretty uneasy even with 90-95% off. 🤔
I guess that implies my bottom price expectation for 2030 around $1-2M
I assume you're saying "what if they accepted Bitcoin?"
Money is for spending. So it would depend on how much of each kinds of money and houses I have in stock.
At the same time, to mitigate Gresham's law (legal tender laws cause better monies to be used less in exchange) some kind of discount is needed. As for the future price of Bitcoin, who knows? And if money is for spending, who cares as long as you still have ample money leftover?
