Michael Saylor Inflation in the US is 24% if you want to live in a house. “The median existing-home price rose 23.6% in May from a year earlier to $350,300, a record high, NAR said. The annual price appreciation was the strongest in data going back to 1999.”
CZ Binance tweeted: “Microstrategy buys another $489 million in Bitcoin.”
CryptoWhale expressed: In 2001, Fortune Magazine published a list of the top losers of the Tech Bubble. Ranked #1 was none other than Michael Saylor, who had a whopping $13.53 Billion LOSS! Microstrategy’s shares went from $3300 to $4 (-99.99% decline), and SEC even accused him of fraud.
This does not mean Saylor is wrong. Saylor was then 35 and he has probably learnt a lot over the past two decades. The expectation is that his Bitcoin investment should turn out differently.
The community response was like: You are on the right direction. Many will understand your vision later on.
Practical criticism: Imagine if everyone borrowed in bitcoin to buy their property and then the price of bitcoin shot up the way you’d like for it to. How would the owners ever pay off their bitcoin denominated debt?
Common Opinion: Blockchain technology and Bitcoin fixes inflation.
I’m not an economist or anything but I’m pretty sure that inflation is made up of more than just housing prices. He meant Inflation with real estate. There isn’t only CPI Inflation.
You could buy a house within a few years of working? That seems way too good to be true. UK house prices hyper-inflating against the GBP £.
Michael Saylor tells the real truth of the economy. The fed tries to figure out new stories to tell everyone. They will do whatever it takes to prevent panic. Even if they realize they are doomed. Just simply kicking the Can is all the government and Central bankers know how to do.
Basically the US government are directly subsidizing the likes of Blackrock to buy up these houses and put them out of reach of ordinary people. This isn’t capitalism. Bitcoin is needed as much for the average family as for a CEO trying to protect their value. Stack everybody.
House prices are completely dependent upon a booming population that just gleefully took an experimental drug just so they could book a flights. Investing in houses is probably a bad idea right now?
That’s because banks have been buying houses since the start of the pandemic, causing a shortage. For what it’s worth most people buying right now just to take advantage of interest rates only. Moving 5 houses down.
