"Don't wait to buy real estate. Buy real estate and wait." That came up in a conversation with a family member last night. I flipped it around and said, "Don't wait to buy Bitcoin. Buy Bitcoin and have a low time preference."

I can’t blame him for wanting to buy a home now, especially with a young family. He’s looking for space—a yard for the kids and a place to host family gatherings. But buying a $1.4 million home in Hawaii, with a $7k monthly mortgage, doesn’t strike me as an investment. The house is beautiful, no doubt, and he’s already doing well with a nice home and a rental property. This new purchase, though, is intended to be more than a home—it’s meant to be an investment, a place to live, and something to pass down to future generations.

I did my best to make the case for Bitcoin instead. We've had long discussions about Bitcoin and why now is such a pivotal time to get some. But I think his mind is made up. Time will tell if his decision pans out the way he hopes—or if my perspective on Bitcoin starts to resonate.