#546: How Bitcoin Will Drain The Real Estate Market with Leon Wankum
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 764 Ratings
🗓️ 16 October 2024
⏱️ 76 minutes
🧾️ Download transcript
Summary
Marty sits down with Leon Wankum to discuss how bitcoin will demonetize real estate.
Leon's links: https://linktr.ee/leonwankum
0:00 - Intro
0:57 - Leon's background
5:13 - How did the real estate premium develop?
12:15 - Why bitcoin improves real estate
17:54 - Bitkey
18:49 - Higher quality, lower cost
23:52 - Why the macro environment may temper the next bull
26:51 - Bitcoin will threaten real estate business models
34:00 - When should a bitcoiner buy a house?
38:29 - Bitcoin will take over real estate's collateral function
44:52 - First movers and trend setters
54:22 - Bitcoin is easier
59:28 - Real estate will be drained like monarchs in the industrial revolution
1:06:17 - A unique shield against societal collapse
1:13:14 - Plugs
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Transcript
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| 0:00.0 | So if you work in real estate, my personal opinion is you need to get into Bitcoin, |
| 0:03.6 | otherwise your business will most likely die. Bitcoin is going to absorb the monetary premium |
| 0:07.5 | that sits in real estate today. That has some side effects that real estate investors need to deal with. |
| 0:12.5 | De-rease that premium, $300 trillion in real estate assets globally. |
| 0:16.4 | Like if you had to ballpark it, like at the end of the day when Bitcoin's fully monetized, |
| 0:20.3 | real estate has been demonetized down to its utility value. Like, how big do you think the overall real estate |
| 0:26.1 | market is globally? Real estate should be between 5 to 10. And if you start to look at your |
| 0:32.1 | real estate portfolio and you measure its wealth in Bitcoin, you start to understand that it's |
| 0:36.6 | rapidly losing value against Bitcoin. |
| 0:38.9 | Bitcoin is growing right now at a kegger, over 50% in here in the purchasing power. |
| 0:43.2 | So even if you buy real estate on leverage, Bitcoin still performs better. |
| 0:46.8 | It's just something that I want to put out there. |
| 0:48.2 | And if you don't believe me, just go through the numbers and calculate it yourself. |
| 0:51.3 | It's actually going to blow your mind. |
| 1:02.5 | You've had a dynamic where money has become freer than free. |
| 1:08.3 | If you talk about a Fed just gone nuts, all the central banks going nuts. |
| 1:10.5 | So it's all acting like safe haven. |
| 1:17.8 | I believe that in a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. |
| 1:21.1 | In the world of fiat currencies, Bitcoin is the victor. |
| 1:23.9 | I mean, that's part of the bold case for Bitcoin. |
| 1:26.8 | If you're not paying attention, you probably should be. |
| 1:31.7 | Leon, long time coming. Welcome to the show. |
... |
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