Let's say Person A and Person B have €10k in cash and are the heads of 4-person households.
Person A buys a €300k house with a mortgage.
Person B buys ⅕ of a Bitcoin.
Now, suppose Bitcoin jumps 5 times from there, within 10 years, and houses stay the same.
Then Person B is holding the Bitcoin equivalent of €50k. He still doesn't have enough money to buy a house and he's been paying steadily-increasing rent for 10 years.
The other guy has been paying down his mortgage for a decade and even gets to write it off of his income tax. His housing costs never increase, he will eventually have it all paid off, and then he never needs to pay a mortgage or rent again.
It is. What it is.
Laeserin / StellaInForest
npub1m4…jc2jl
2024-08-05 02:14:16
in reply to nevent1q…k55n
Author Public Key
npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jlPublished at
2024-08-05 02:14:16Event JSON
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"content": "Let's say Person A and Person B have €10k in cash and are the heads of 4-person households.\nPerson A buys a €300k house with a mortgage.\nPerson B buys ⅕ of a Bitcoin. \n\nNow, suppose Bitcoin jumps 5 times from there, within 10 years, and houses stay the same.\nThen Person B is holding the Bitcoin equivalent of €50k. He still doesn't have enough money to buy a house and he's been paying steadily-increasing rent for 10 years.\n\nThe other guy has been paying down his mortgage for a decade and even gets to write it off of his income tax. His housing costs never increase, he will eventually have it all paid off, and then he never needs to pay a mortgage or rent again.\n\nIt is. What it is.",
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}