0 sats \ 0 replies \ @designsats 14 Jul 2023 \ on: Opinion: Why BTC can't become the reserve currency bitcoin
That obviously wouldnt make sense. I suspect under Bitcoin standard price of house would drop to its consumable price, not pseudo-store or value it is now. It used to be kinda normal for houses to cost the cost of materials and labor.
You would not borrow money for shoes or sofa or other non-productive assets like a house.
Today , an idea to saving up for house is out of the question. This would change under Bitcoin standard.
You would only borrow money for productive enterprises. If you had a business proposition with good chance of outperforming Bitcoin price.