TVs tend to lose value over time because they aren’t considered a reliable asset. If they became seen as a store of value, their prices would likely rise since people would hoard them and work to restrict further production.
TVs tend to lose value over time because they aren’t considered a reliable asset. If they became seen as a store of value, their prices would likely rise since people would hoard them and work to restrict further production.
A similar dynamic plays out with real estate. Since housing is often viewed as a long-term asset, prices can increase continuously.
Homeowners buy and hold onto properties, and governments then impose measures that make new construction difficult. This phenomenon suggests that Bitcoin could undermine the tendency to lock value in housing.