Once rock solid and the money box of Europe with a profit guarantee the german housing market now is facing the big macro shift of higher rates and recession. And it has a long way to go as real estate is losing its monetary premium to better stores of value.
20 sats \ 3 replies \ @notgeld 5 Nov 2023
If Bitcoin would be really getting this traction it would have much bigger market cap. This is just about regular bubble popping.
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10 sats \ 2 replies \ @TomK OP 5 Nov 2023
But a tiny bit may already be flowing into BTC. But of course not in Germany, I know.
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0 sats \ 1 reply \ @notgeld 5 Nov 2023
I disagree. If compared to many countries where I've had been, Germany has the highest specific adoption rate. I mean here connections between people, grassroot movement and some sort of p2p marketplaces with Bitcoin as a currency.
The fact that Germans as a nation were stockpiling deposits in banks all this time is entirely different topic to me.
Also rental property is expensive in Germany largely due to crazy amount of regulations.
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0 sats \ 0 replies \ @TomK OP 5 Nov 2023
So. Real Estate is clearly cratering. You can follow the development in Your Bloomberg terminal.
Concerning BTC adoption: One of my clients is a large union of entrepreneurs. There is literally none buying or holding it. Or they do it secretly. That's my experience.
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0 sats \ 1 reply \ @Gar 5 Nov 2023
I wonder if there is some percentage of the Chinese real estate market that will move to BTC as savings. Real estate is traditionally their main savings vehicle and the real estate market there is in trouble lately.
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0 sats \ 0 replies \ @TomK OP 5 Nov 2023
I guess institutional investors will lead the private sector. Therefore they're preparing the market entry with typical Wall Street vehicles like ETFs. They clearly have the first move now and realized that the risks in the bond market won't disappear. The masses need media guidance. In China it is worse. They need the guidance of their overloards...
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