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The Future of Bitcoin and Real Estate
(For those who don't know what Bitcoin is - it probably makes sense for you to "google it" and then come back. But the short explanation (which doesn't do it justice) is that Bitcoin is a combination of digital currency + a digital asset which allows for secure storage and movement of value from one person to another without any banks of governments in control or in the middle of the transaction. Ok, so let's dig into the future of real estate and bitcoin (e.g. crypto currency). How will Bitcoin impact the Future of Real EstateBefore we get into the top trends we see coming ahead as more people are shifting assets into crypto currency, let's first outline the main reasons why Bitcoin is becoming a preferred plan to keep your "money". 1. Bitcoin is driven by an algorithm with unbreakable rules and most importantly there is limited supply. Unlike the US Dollar (FIAT) which can be printed and inflationary. 2. Although the intended use of Bitcoin is to allow for transactions to happen from one person to another (peer-to-peer) without requiring a bank or government in between - it has also become an alternative asset class since it rises in value (due to scarcity). So much ... more
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