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Replying to Avatar Kevin's Bacon

Perfect proxy for Bitcoin adoption. Housing is a roughly neutral, inflation free asset (because practically no new housing gets made), so it is a very neutral sort of form of money. Housing prices in Bitcoin then indicate how much of bitcoin's appreciation is due to adoption and how much is due to fiat inflation.

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Kevin's Bacon 8mo ago

Of course, it won't be for long, as it gets demonetized and people start building more and better housing. But for now houses are like inflation-free money.

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