Activity tagged "crypto"

Posted:

fascinating economic discovery from Fidelity: houses actually are cheaper now than in 2020!*

* if you denominate them in an arbitrary asset that has appreciated over that time frame

The average U.S. home has appreciated by over $100,000 since 2020, reflecting the broader inflationary environment across fiat-denominated assets. However, when priced in bitcoin, the average home has declined significantly in value, becoming approximately 10 times less expensive over the same period.  This divergence raises a key question: Is housing becoming more expensive, or is the purchasing power of fiat currency steadily eroding?
Chart showing average home prices in dollars from 2020–2026 (rising about $100k over that period), and on the second axis the price in bitcoin (dropping by about 50BTC)

next up from Fidelity: groceries aren't getting more expensive**

** if you denominate their price in World of Warcraft gold

Read:
Risking little of their own money, the US president and his sons have added at least $2.3 billion to the family fortune from their main crypto ventures, while the investors they've wooed have taken a $2.3 billion hit, a Reuters examination found.