Real estate reverts to its utility value in a Bitcoin standard: generating rent, being a depreciable asset, costly to maintain, easily taxed, confiscable, illiquid, and tied to geography. Selling Bitcoin to buy a house is shortsighted—houses lose value relative to Bitcoin’s true scarcity and utility over time. As Bitcoin appreciates due to its fixed supply and global adoption, the house, priced in BTC, depreciates against it. In a Bitcoin standard, wealth preservation favors Bitcoin over real estate, as the latter cannot compete with Bitcoin’s inherent scarcity, divisibility, and liquidity. Bitcoin remains the ultimate store of value, real estate does not.