Bitcoin

when

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<a href="https://u.today/veteran-trader-peter-brandt-shows-why-this-bitcoin-market-is-unique">Peter Brandt</a> has made the observation that in terms of gold, historical lows on home prices in the U.S. are not too far away. But he went a step further and proposed that housing prices would be significantly lower if they were expressed in <a href="https://u.today/bitcoin-whale-takes-massive-loss-with-recent-sale">Bitcoin</a>.
This assertion highlights some significant issues and criticisms while also contributing to a larger discussion regarding Bitcoin's possible use as a benchmark for value measurement. The foundation of Brandt's argument is the notion that Bitcoin may be more accurate or representative of true value than more conventional measures of value like gold or fiat currencies.&nbsp;
<img alt="BTCUSD" data-entity-type="file" data-entity-uuid="3316aa89-a5d7-4c27-bf17-37a14ffdf13e" src="https://u.today/sites/default/files/inline-images/image_1126.png"><a href="https://www.tradingview.com/">BTC/USDT Chart by TradingView</a>
Homes are comparatively more affordable when gold is taken into account, as gold has historically been seen as a reliable store of value. Nonetheless, <a href="https://u.today/shiba-inu-executive-makes-stunning-bitcoin-market-prediction">Bitcoin</a> is beginning to be recognized as a novel form of digital gold that has the ability to replace traditional money standards, even in spite of its volatility. Brandt contends that given Bitcoin's notable 10-year appreciation, homes priced in BTC would now seem significantly less expensive than those priced in dollars or even gold.&nbsp;
The volatility of Bitcoin is a key issue that should not be disregarded. Bitcoin has experienced significant ups and downs, which makes it a potentially unreliable metric for pricing something as important as real estate. Moreover, the idea of using Bitcoin as a global standard for valuing real estate is still purely theoretical because of its comparatively low acceptance in regular transactions and its unstable regulatory environment.

Legendary Trader Peter Brandt Makes Unexpected Bitcoin (BTC) Revelation

U_Today

Other articles published on Aug 23, 2024

Ethereum ETFs face record outflows, while Bitcoin ETFs surge with strong inflows

Cardano’s Hoskinson: Consensus is Our ‘Hidden Superpower’

PleasrDAO files preliminary injunction against Martin Shkreli

Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak

4 Crypto Coins Eye 3x Growth Before US September Fed Rate Decision

Double-Digit Gains for AVAX, TON, A New Whitelist Coin Shines

Join our free newsletter for daily crypto updates!