Summary
The article discusses the weaknesses of real estate as a physical store of value in a world of increasing conflict and geopolitical tensions. It highlights the potential risks of war and destruction, property confiscation, and macroeconomic changes that can devalue real estate. The author argues that Bitcoin provides a solution to these risks, as a digital store of value that is difficult to destroy, easy to move, and challenging to confiscate or tax. Bitcoin’s limited supply and deflationary nature are also seen as advantages over real estate. The article concludes that Bitcoin may surpass real estate as humanity’s preferred store of value in the future.
Key Points
1. Real estate is currently the most widely used store of value, with approximately 67% of global wealth held in property.
2. The destruction of real estate due to war or other catastrophic events can result in the complete loss of stored value.
3. Bitcoin provides a digital alternative to physical assets like real estate, offering a secure and easily transferable store of value that is not susceptible to destruction or confiscation.