Peter Brandt has pointed out that, when measured in gold, U.S. home prices are close to historical lows. But he takes it a step further, suggesting that housing prices would be much lower if measured in Bitcoin. 💡 This idea brings up important questions and adds to the growing conversation about whether Bitcoin could be used as a new way to measure value.
Brandt's point is that Bitcoin might be a more accurate way to represent true value compared to traditional measures like gold or regular money. 🪙 Gold has long been seen as a reliable store of value, making homes seem more affordable when compared to it. However, Bitcoin is becoming known as a new form of "digital gold," with the potential to replace traditional money standards, even though it's still quite volatile. 🚀 Brandt argues that, given Bitcoin's impressive growth over the last decade, homes priced in BTC would now look a lot cheaper than those priced in dollars or even gold.
