Quote from @rajatsonifnance
Anyone born after 1971 has never experienced a life where housing is seen purely as shelter.
In 1971, Richard Nixon severed the link between the US dollar and gold.
Since then, the US dollar has been broken as a store of value.
#Realestate has replaced the dollar as a long-term store of value in many developed countries.
Prices of houses have skyrocketed as more investors see them as a financial product.
#Bitcoinβ―β―β― fixes this by absorbing demand from real estate as a long-term savings vehicle.
When real estate investors understand that #BTCβ―β―β― is a digital asset that's a much better store of value than physical real estate, we will see a fire sale in the real estate market.
Bitcoin is better than real estate for your long-term savings:
- No large upfront financial cost
- No maintenance & repairs
- No risk of natural disaster
- No need for an inspector
- No dealing with tenants
- No need to collect rent
- No need for insurance
- No realtors or lawyers
- No liquidity issues
- No property taxes
- No interest (halal)
- No location risk
- No censorship
With Bitcoin:
- You can sell small chunks of your holdings instead of having to sell all or none
- You can buy or sell any time (the market is always open)
- You can buy or sell in seconds rather than months or years
- Your market to buy and sell is global
