XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 on Nostr: I was just curious about something... Short story 👇🏻 One of my friends bought a ...
I was just curious about something...
Short story 👇🏻
One of my friends bought a house in August 2020.
He paid £160K for it (13.72 Bitcoin at the time).
It's valued now at ~£196,830 (2.48 Bitcoin today).
Here's the rest of the results for that time frame...
• Money Supply Increase: 12.82%
• Nominal Price Increase: £36,830
• Nominal Growth Rate: 23.02%
• Real Price Increase: £14,498.86
• Real Percentage Growth: 9.06%
His house might be up 9.06% in real GBP terms, but it's down 81.96% in Bitcoin terms.
And that's the case after just ~4.5 years...
He told me a while ago that he's in a hurry to pay off the mortgage...
I advised him back then to instead use that extra money to buy Bitcoin.
He said he's not comfortable playing financial games...
I just sent him these figures and reminded him about that conversation we had about him paying off the mortgage early.
Am I a bad friend?
Short story 👇🏻
One of my friends bought a house in August 2020.
He paid £160K for it (13.72 Bitcoin at the time).
It's valued now at ~£196,830 (2.48 Bitcoin today).
Here's the rest of the results for that time frame...
• Money Supply Increase: 12.82%
• Nominal Price Increase: £36,830
• Nominal Growth Rate: 23.02%
• Real Price Increase: £14,498.86
• Real Percentage Growth: 9.06%
His house might be up 9.06% in real GBP terms, but it's down 81.96% in Bitcoin terms.
And that's the case after just ~4.5 years...
He told me a while ago that he's in a hurry to pay off the mortgage...
I advised him back then to instead use that extra money to buy Bitcoin.
He said he's not comfortable playing financial games...
I just sent him these figures and reminded him about that conversation we had about him paying off the mortgage early.
Am I a bad friend?