jor on Nostr: Notes: 1. Prices are in CAD 2. I actually expect the average price or homes (in fiat) ...
Notes:
1. Prices are in CAD
2. I actually expect the average price or homes (in fiat) to flatline for a while. Based on our current interest rate environment.
So I think the $1.5 million is high
2. The bitcoin price (even at $37M) is also conservative.
I used the price from 2013 and 2023 which includes a down year (2023) so the multiplier should be higher
In addition to that we have to consider what goes us from $14/bitcoin to now $62k/bitcoin. Less than 1% of people hold bitcoin. We have a long ways to go.
1. Prices are in CAD
2. I actually expect the average price or homes (in fiat) to flatline for a while. Based on our current interest rate environment.
So I think the $1.5 million is high
2. The bitcoin price (even at $37M) is also conservative.
I used the price from 2013 and 2023 which includes a down year (2023) so the multiplier should be higher
In addition to that we have to consider what goes us from $14/bitcoin to now $62k/bitcoin. Less than 1% of people hold bitcoin. We have a long ways to go.