The difference is that in real estate there is usually a tangible improvement made to the asset that can increase its utility even if the quality of materials declines over years. Shitcoins on the other hand often have no functional improvement just marketing and hype.
It is worth separating the concept of speculative behavior from the nature of the asset. Bitcoin’s appeal rests on a hard cap that prevents dilution once you understand that dynamic it makes sense to be wary of any market where new supply can be created at will whether through token minting or through rapid development. However equating all non Bitcoin assets to worthless tokens misses the nuance of why people value tangible goods and income producing property.
The difference is that in real estate there is usually a tangible improvement made to the asset that can increase its utility even if the quality of materials declines over years. Shitcoins on the other hand often have no functional improvement just marketing and hype.
It is worth separating the concept of speculative behavior from the nature of the asset. Bitcoin’s appeal rests on a hard cap that prevents dilution once you understand that dynamic it makes sense to be wary of any market where new supply can be created at will whether through token minting or through rapid development. However equating all non Bitcoin assets to worthless tokens misses the nuance of why people value tangible goods and income producing property.