Gold's market cap: about $30 trillion. Real estate's: about $300 trillion.
That's why @leonwankum calls Bitcoin digital real estate, not just digital gold. As better money, he thinks it could outgrow all the wealth in the world.
$100T or even $1,000T, in his words. $BTC
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Who bought Bitcoin this year, and who sold? River's Oct 8 ledger, plus the fine print the headline leaves out 👇
📒 YEAR TO DATE
🏢 Companies: +193,000 BTC
🏛️ States: +10,000 BTC
📈 Funds & ETFs: −594 BTC (roughly flat)
⛏️ Miners: −32,800 BTC
👤 Individuals: −93,000 BTC
In 1944 the average home cost around $4,000. Track that with CPI and it would be $60K to $80K today.
The actual average now: $450K to $530K.
@leonwankum says the gap is cheap credit. Without it, a home would cost a few thousand bucks. $BTC
