Here’s Why Many Experts Believe Bitcoin is the Digital Equivalent of “Prime Real Estate”
According to an all-new op-ed piece penned by Spencer Bogart — Partner at Blockchain Partner — earlier today, the crypto savant claims that Bitcoin is currently the “most lucrative piece of real estate available in the market right now”.
As part of the article, Bogart then goes on to draw a number of parallels between BTC and the real estate market by highlighting some of the unique advantages that the flagship crypto asset holds over its closest SOV rivals.
Some Of The Key Points Put Forth By Bogart Include
(i) The Scarcity Aspect: The most striking feature of Bitcoin that everybody seems to notice immediately is its overall scarcity. To put things into perspective, only a total of 21 million tokens will ever come into existence, which means that as time progresses (and the crypto market continues to garner more mainstream traction), the value of these individual tokens will continue to rise.
On the Subject, Bogart also added:
“Fortunately, there’s no need to compare the pieces: Every piece of this property is the same as every other piece — they’re fungible,”
Lastly, it should also be pointed out that Bitcoin’s scarcity is “mathematically verifiable” — which means that there is no scope for any future currency manipulation or financial dodginess from third-party miscreants.
(ii) Absolutely Secure: Another core aspect of Bitcoin that makes it an amazing Store-of-Value (SOV) is that unlike real estate, it does not need to be secured physically. Instead, all one needs is a decent hardware wallet (that costs around 150 bucks) that can be used to protect any amount of one’s crypto holdings.
(iii) It Cannot be Seized: As many of our readers are probably well aware of, Bitcoin is fully programmable — as a result of which, the currency’s owner has the right to ”set who can access or use the token and for how long”. If that wasn't enough, owing to its architectural framework, BTC cannot be taken away from a person unless he/she willingly decides to give it away.
(iv) Ever-Increasing, Dynamic Value: As many of our regular readers may recall, back in 2017 BTC’s value surged and reached a whopping $20,000 within the span of just a few months. Owing to this immense growth potential, many people believe that the premier cryptocurrency has all of the traits that have previously displayed by various “prime real estate properties”.
In closing out this piece, it should be remembered that owing to BTCs programmability, portability, security, fungibility, the currency is primed to become a massive “value transfer agent” as we move into the future.
In regards to the matter, Bogart writes:
“[T]his property is surrounded by economic growth in the form of rapidly expanding and improving infrastructure. Other people are building the bridges, tunnels, and railways that, hopefully, make your property more useful.”