If people bought Bitcoin as a store of value instead of housing and property, would that alleviate some of the housing 'crisis' that seems to occuring almost everywhere?
#AskNostr
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No. The demand is outstripping supply. That's not a BTC issue. That's an over-regulation issue coupled with importing millions of unwashed bodies at the expense of your own people issue.
Too an extent I believe so. If someone owns 5 houses they might be inclined to sell one for bitcoin. However if someone owns only one extra house, it's a massive jump for them to sell it and put the money into bitcoin. Depends a lot on the mindset of the owner, and the time period we're looking at. Most rich boomers own houses not because they researched it as an investment, but because it was just pretty much guaranteed to go up in value.
Yeah, for instance maybe Blackrock will move 2-5% of their real estate portfolio?