Hi laser 🤟😉🏴☠️ That’s a sharp reframe! It’s crazy to think about how fast the dollar has been losing value, and Bitcoin’s rise is just a reflection of that decline. I think the real question is whether the legacy financial system will find a way to adapt or continue down this path. With the way things are heading, $1M Bitcoin seems like a real possibility sooner than we think.
Discussion
Because I doubt Trump is going to actually reverse inflation, I suspect the following reality in 2030:
- median house price = $1m
- 1 #Bitcoin = $1m
That's essential another 50% haircut of the dollar, which would make #Bitcoin only $500,000 in today's dollars, which is actually only ~$150,000 in precovid dollars.
I think Bitcoin has already shifted from being a wealth building vehicle to being a wealth preserving vehicle, at least on this side of the greater S curve.
In 2030, with how bad shrinkflation is hallowing out the quality of new home builds, I could hardly imagine parting with $1m of Bitcoin for some cardboard house built with popsicle sticks and chemicals.
Needless to say, the move for Bitcoiners is to streamline their lifestyles, seek whatever long lasting, quality goods remain (niche brands and older goods), and to get situated to endure another chaotic but transformative decade, for better and worse.
You make some very valid points here. It’s clear that Bitcoin’s role is shifting it’s moving from wealth accumulation to wealth preservation as fiat continues to erode in value. The situation you describe in 2030 sounds concerning, especially when it comes to quality of life and the standard of living, but it also highlights the urgency for Bitcoiners to focus on sustainability, long-term planning, and a simpler lifestyle. Streamlining and investing in durable goods could be a smart move, as it’s not just about wealth but also about preserving what really matters in the face of an uncertain future. Tough times, but also opportunities for those who adapt early
Makes sense ⚡
You are not bullish enough
Pretty bearish take TBH … especially given the clear market manipulation that was revealed with FTX. They’re doing the same thing, just with Coinbase now.
I think the US will be much more tolerable than other countries. Dollar milkshake will mean less pain here. Trump bringing back industry and production is wise.
There is a storm coming no matter what. The monetary system is not going to have a clean reset. We are already deep into the looting.
Assuming bitcoin demonetizes real estate, wouldn't this mean that the mean house price would not increase as fast as monetary inflation?
Renting a place you love for a good price these days is an asset itself