Pricing houses in bitcoin exposes dollar's loss of value
·2 min read
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Key facts
According to Fidelity Digital Assets, a typical U.S. house has gained more than $100,000 since 2020
The fund has pulled in over $200 million this week, ending a record streak of outflows worth billions of dollars
Decades of monetary expansion have stoked inflation that has lingered above the Federal Reserve’s 2% target for more than five years, diluting the dollar’s value
Near-term recovery prospects in the bitcoin price depend on the return of demand for ETFs, especially BlackRock's IBIT, widely considered a proxy for institutional demand
Summary
The price of a family home in the U.S. tells two different stories depending on how it's measured. According to Fidelity Digital Assets, a typical U.S. house has gained more than $100,000 since 2020. "What appears to be appreciation in housing is more accurately a reflection of an erosion of fiat currency. Decades of monetary expansion have stoked inflation that has lingered above the Federal Reserve’s 2% target for more than five years, diluting the dollar’s value.