ghosthodler on Nostr: Most people think that a 2008-type of crash will take place one day. With home values ...
Most people think that a 2008-type of crash will take place one day. With home values in USD going down suddenly. They don’t realize that the housing market is crashing if you measure prices in sats. In other words, it’s crushing upwards measured in USD right now, and it has been for a while. The end of the crash will happen when the exponential increase in USD prices reaches a point where people will no longer accept any amount of USD for their home as payment. In other words, home prices will have then crashed upwards in USD so much, that the USD needed to pay will technically not exist. People will demand a different form of payment, and #bitcoin will be it.
Published at
2024-09-13 02:21:32Event JSON
{
"id": "7542e6075c774a075224e8c9876b1b3d37525e823d5f213cc251f157f9c00bea",
"pubkey": "567ddfb523a039a25516e6862f74067730b8d657024bfd3d1219977163407a93",
"created_at": 1726194092,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "Most people think that a 2008-type of crash will take place one day. With home values in USD going down suddenly. They don’t realize that the housing market is crashing if you measure prices in sats. In other words, it’s crushing upwards measured in USD right now, and it has been for a while. The end of the crash will happen when the exponential increase in USD prices reaches a point where people will no longer accept any amount of USD for their home as payment. In other words, home prices will have then crashed upwards in USD so much, that the USD needed to pay will technically not exist. People will demand a different form of payment, and #bitcoin will be it.",
"sig": "82259b3326fdb403e88a7108d9b90aa80412214fc0e4748a2e11a62f226ffb01c31f197777613a8fa438824ba717fef0bc4a3ae07e1bda7e5a0661c4850170fc"
}
