Did you end up in gold and BTC due to the lower cost of capital hurdle and ease of access?
What drove that move?
nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyt8wumn8ghj7un9d3shjtnswf5k6ctv9ehx2aqpr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5klqft7 mentioned that he thinks real estate has already started to be eaten by Bitcoin on What Bitcoin Did.
He's right. I came into Bitcoin around 2020 while researching how to start real estate investing to protect myself from all the printing.
I ended up in gold and Bitcoin instead.
Fast forward to today and I'm zero gold and almost 100% in Bitcoin (minus a small amount of fiat that is already going to specific fiat bills).
I was 27 at the time, which is probably the age most people these days start thinking about such things.
How many other people have or will decide that real estate is just too big of a headache in a world where #Bitcoin exists?
We are going to make it.
Discussion
Honestly, it was just easier in my view. But I also concluded that real estate shouldn't theoretically be as scarce as it is given the fact that shelter is a basic life necessity. I didn't want to encourage the broken system. So ot was largely convenience and ease of buying small chunks of scarce assets and partially ideological reasoning. The portability of gold and Bitcoin was a draw too, but I very quickly learned how painful gold is once you get into the pounds. I had to outsource to a vault in another country and didn't like that compared to how my Bitcoin worked. The superior tech is what ultimately won me. All the other Bitcoin maxi ideology came later.
That’s what I was getting at. Real estate has become unavailable to most given the capital requirement and the land size required for it to be useful (lot size, zoning, etc). That’s before you get into the cost to transact and annual capital call (real estate tax), maintenance and upkeep, etc.
Bitcoin offers similar preservation but is much easier to access. Specifically for people that don’t have down payment money.