Under a Bitcoin standard, real estate would no longer serve as a savings tool. Home prices would drop to their functional value, turning houses into liabilities instead of assets.
Under a Bitcoin standard, real estate would no longer serve as a savings tool. Home prices would drop to their functional value, turning houses into liabilities instead of assets.
The affluent would limit property ownership to what is necessary, favoring Bitcoin over extra homes. As housing production costs trend toward zero in Bitcoin terms, dollar-priced homes would continue to escalate indefinitely.
Consequently, saving in dollars would mean facing an ever-increasing cost of living, while saving in Bitcoin would drive living expenses down over time. The outlook appears very promising for Bitcoin proponents.