CoinDesk·3 min read·medium
Pricing houses in bitcoin exposes dollar's loss of value
O
Omkar Godbole
✦AI Summary
This article argues that the rising cost of U.S. housing is better understood as a devaluation of the dollar rather than asset appreciation. By pricing homes in bitcoin, the author illustrates how fiat currency inflation erodes purchasing power over time.
The price of a family home in the U.S. tells two very different stories depending on how it's measured. Comparing the stories underscores bitcoin’s BTC $ 62,651.42 appeal as a long-term hedge against dollar debasement, the erosion of value in the fiat currency.
economycryptobusiness
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