Bitcoin for Millennials Real Estate Developer: Why Property Is Losing to Bitcoin (Fast) | Leon Wankum | BFM132
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Mar 6, 2025 Leon Wankum, a real estate developer and writer exploring Bitcoin and ethics, dives into the stark contrast between real estate and Bitcoin. He discusses the potential of Bitcoin as a superior store of value, challenging traditional investments in property. Wankum highlights Bitcoin's role in reshaping economies and its implications for personal responsibility amidst financial turmoil. The conversation also touches on the challenges arising from fiat systems, suggesting a future where Bitcoin might dominate as a more versatile monetary solution.
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Bitcoinization vs. Hyperbitcoinization
- Hyperbitcoinization is a voluntary shift to Bitcoin, unlike hyperinflation driven by central banks.
- Bitcoinization is a gradual process where Bitcoin absorbs monetary premiums from other assets.
Bitcoinization Milestones
- Bitcoin surpassing silver's market cap was a milestone; surpassing gold's is predicted around 2029 or 2033.
- Reaching parity with the average US home price will be another significant milestone.
Bitcoin's Natural Hurdle Rate
- Bitcoin's scarcity creates a natural hurdle rate, making people more discerning about spending or exchanging it.
- This changes value perception, potentially leading to dual pricing systems (fiat and Bitcoin).