Leveraged crypto long liquidations top $400 million in an hour, Bitcoin drops
Bitcoin fell after more than $400 million in leveraged long positions were liquidated within an hour. No clear catalyst for the move.
Leon Wankum argues Bitcoin is stripping the $300 trillion monetary premium from real estate created by fiat debasement since 1971.
For decades, real estate served as the primary store of value, yet Leon Wankum contends that era is finished. The author of "Digital Real Estate," released through Bitcoin Magazine Books, details how fiat currency depreciation following 1971 created a monetary overvaluation within housing. According to him, Bitcoin, with its fixed supply, is now drawing away that excess. He further describes how the impact will be felt across both houses and commercial property.
"Digital Real Estate is required reading for anyone who owns property and hasn’t yet considered how Bitcoin is set to disrupt the real estate market."
The book is available for purchase at the Bitcoin Magazine online store.
Segment timestamps cover Leon Wankum's core thesis, why real estate's trajectory shifted after 1971, the monetary premium in housing and commercial property, saving through bitcoin versus spending on a home, using bitcoin as loan collateral compared to renting, the housing crisis as an ownership problem, valuing property in bitcoin, homeowners and banks alongside bitcoin-backed loans, bitcoin mining and corporate treasury approaches for developers, and why Grant Cardone's bitcoin real estate funds might take the lead.
Disclaimer: The views expressed are those of the participants and do not represent BTC Inc., Bitcoin Magazine, or affiliates. Content is for informational purposes only and not investment advice.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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