Picture this, dear reader: It’s 2016, and for a whopping $288,400, you can tour the American dream — your own home. Now, fast forward to 2024, and that same slice of suburban paradise will set you back a staggering $434,700. The wages weren’t quite able to manage the same level of gymnastics, leaving many youngsters clutching their wallets as if they were preparing for the next unexpected sign-up fee.
But what if I told you there was a way to make home ownership not only possible, but laughably achievable? Enter stage left: Bitcoin. Yes, the orange wonder coin that rises, falls and everywhere faster than a politician promises during election season.
In 8 years:
🏡 Average house price 🇺🇸 in #Bitcoin = -99% 🥇
2016: 664 Bitcoin
2024: 4.8 Bitcoin💵 Average house price 🇺🇸 in US dollars = +50% 😱
2016: $288 thousand
2024: $434 thousandcan 1 #Bitcoin Buying your dream home in 2028? 👀 pic.twitter.com/Op4NfrHUhG
— Bitcoin Pro Magazine (@BitcoinMagPro) November 14, 2024
Let’s talk about numbers, shall we?
In 2016, if you had 664 bitcoins in your pocket, you could exchange them for an average house in the United States. By 2020, this number had dropped to 45 bitcoins. And now, in the big year of 2024, just 4.8 bitcoins can claim a place of your own. At this rate, we’re only a few years away from buying a house with cash at the back of Satoshi’s metaphorical couch.
Let’s marvel at this for a moment: As house prices in fiat currency continued to climb inexorably — like an escalator with no off switch — Bitcoin’s purchasing power has been trending in the opposite direction. It’s not just inflation resilience; He laughs in the face of inflation, steals his lunch money, then invites him to watch him buy a house.
A glimmer of hope in the housing crisis
For Millennials, Gen Z, and future generations, the dream of homeownership has often been like trying to catch smoke with bare hands. Wages are stagnant, the cost of living is skyrocketing, and central banks seem to be in a constant competition to print money. But Bitcoin offers a way out. It’s not just a currency; It’s a lifeline – a savings tool that actually rewards you for your discipline and foresight.
Bitcoin Homeowner Playbook
Imagine saving for a down payment in Bitcoin instead of fiat currency. While a dollar in your savings account loses its purchasing power faster than an ice cream cone in the sun, your Bitcoin nest egg can grow — not just in value, but in what it can buy. At the current pace, we’re headed toward a future where a single bitcoin might buy you a house, a car, and maybe even a white picket fence thrown in for good measure.
And here’s the interesting thing: The rapid decline in the number of Bitcoins needed to buy a house is not just a coincidence. It is a reflection of Bitcoin’s deflationary nature and its increasing adoption as a global store of value. When priced in Bitcoin, homes become cheaper. When they are priced in dollars, they become more expensive. It doesn’t take a financial wizard to figure out which one makes more sense to save.
A word of caution (and optimism)
Of course, Bitcoin is not without volatility. There will be days when the price moves faster than a caffeinated squirrel. But for those with a long-term view, the trend is clear: Bitcoin is the best savings tool humanity has ever seen.
So, to all the young families and potential homeowners, take heart. The dream of owning your own home isn’t dead, it’s just been reimagined. The answer is not to work harder or save more with a currency that is losing value by the day. The answer is Bitcoin.
And one day soon, when you’re sitting on the balcony of your own home, which you bought with a single bitcoin, you’ll raise a glass and say: “Cheers, Satoshi. You made this possible.”
Now, where is that Bitcoin wallet?
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
Comments are closed, but trackbacks and pingbacks are open.