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Rabbit Hole Recap #262: CBDC Precursor FedNow Launches

Rabbit Hole Recap

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The Systemic Commercial Real Estate Issue

Commercial real estate prices are plunging with institutional quality offices losing 27% in the past year. Department buildings are down 21% and malls are down 18%. San Francisco's office vacancy rate is now 32.7%. Pre-pandemic it was 4%. That's pretty insane. The office space situation is going to be really fucking interesting to watch unfold. And more specifically, how does it affect Bitcoin? Because that's what I really care about since my family is all in on Bitcoin.

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