Bitcoin & Real Estate w/ Leon Wankum (BTC164)
ฝัง
- เผยแพร่เมื่อ 9 ม.ค. 2024
- Real estate expert Leon Wankum discusses how Bitcoin could redefine real estate's value and affect property prices, financing, and monetary standards. A must-listen for anyone interested in the intersection of Bitcoin and real estate.
IN THIS EPISODE, YOU’LL LEARN:
- The potential of Bitcoin as a new monetary unit of account.
- How Bitcoin compares with real estate as a store of value.
- The impact of Bitcoin on the monetary premium of real estate.
- The effect of Bitcoin's growth on global real estate markets.
- Reasons why real estate investors should consider Bitcoin.
- Specific Bitcoin investment strategies for real estate investors.
- Changes in real estate financing due to Bitcoin integration.
- The future of real estate development in a Bitcoin-centric economy.
- Balancing Bitcoin's volatility against real estate's stability.
- Regulatory and market adaptations required for a Bitcoin standard in real estate.
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Physhing attacks
This will happen faster than Preston seems to think. When a few companies like Leon's start doing it, they will all have to do it or get Blockbustered. Game theory, baby.
This benefits nocoiners as well. Something that stood out from Leon, they’ll seek to acquire bitcoin rather than more real estate. This means less rent seekers seeking to gouge tenants. Game theory at its finest
Mix in Ai.gents to minimalize the closing process, and you’ve got a tulip.
@@youbian wait… what exactly do you think is a tulip?
You’re a tulip mate :)
@@ottoohno1431A tulip is non-fungible bullsh*t.
Leon is a genius. He's building reserves for each property in BTC. This is amazing and awesome.
As someone with a commercial real estate background and a love for bitcoin, this interview was especially enjoyable. Will be following Leon. Great episode Preston. TY!
I've learned so much from your channel, Preston. Thanks for the great interview.
In my view, when it comes to real estate, the 2nd law of thermodynamics is constantly at play: the decay of the structure due to weather and time, the cost to insure against extreme events, the perpetual breakdown of appliances, etc. Bitcoin is unique in that it maintains its integrity through time.
We assume btc will maintain its integrity over time. We don't actually know if the security budget is long term viable. Its only been around 15 years. Over 99% will be mined first 23 years. Which leaves less than 1% available for miners the last 108 years. Then we will see.
iv been watching your podcast since the old days "studding Billionaires" and watch you make the pivot to Bitcoin witch I love. I watch them all and it helps me keep up with my conviction in Bitcoin , and I learn a ton I stated down the rabbit hole in 2017 and oncourse hoping for the big day today aka ETF lol. I just want to thank you and say you Saylor and few others have inspired me to ( Think) and I thought this podcast was super interesting too.
What a quality interview
Leon is the Sailor of BTC Real Estate. If you’re involved in real estate or both, he’s a must follow.
Another great interview! We are so lucky to have you in our space, Preston :)
Excellent episode - very well explained.
This is a great conversation. Very insightful. Thank you
A strategy with taking on extra debt against your real estate to buy bitcoin is also something people could do with their personal house. As long as you burden the interest carry.
Interesting, I always think of Real Estate as the ultimate asset. But I do believe Bitcoin will outperform, and real estate eventually returns to its utility value. In fact, the middle-class needs real estate to return to its utility value in order to survive. Rent prices are too high to even survive in major markets.
Such a brilliant interview
Leon is great! Really good insights from real estate in Europe.
Real estate is highly compartmentalized. There's digital, single family entry level and luxury level, multi family of all sorts, commercial of all sorts and mixed use of all sorts.
Not all those sectors of RE are suffering.
Digital and entry level SFH as well as multi family is what I am after.
Thank you gents
Fascinating discussion
One of the best video I’ve seen so far congratulation guys
Man good interview, he was super knowledgeable
Its so mindblowing. wonder what will happen when everyone understands this.
Fire pod, congrats both
When you dive into RE being priced in Sq ft an the ethos of location location location, it begins to make more sense.
McDonald's & Walmart are RE companies. The units morph into the buildings. The buildings are located all over.
Bitcoin can be any an everywhere at (any) time. The units can morph into whatever you want them to be.
It's really interesting when you really dive into it.
Great little interview this one!
Thank you for seeing Sailor's strategy - you raise a very good point about refinancing real-estate.
Thank you! This was POWERFUL!!! Watch this whole video, even the last five minutes has a proposed REVOLUTIONARY idea for real estate investor requirements/hedging!! Thank you to both of you!
Very valuable thoughts, thank you
Yep spot on Preston as always. Definitely opposed to be using real estate (not a cash generator)
i met Leon in Munich this may- ✌ he is a cool dude with a nice girlfriend and dogs. a bitcoiner at it´s finest.
Drink every time this guy says Bitcoin! 🎉
Really good content. Thank you :)
Preston, thanks for these vids!!
Great episode
@PrestonPysh what crypto wallet do you use!? I want to switch from Ledger but not sure which one to go with. Thanks!! 🙏🏾
leon = legend
I have updated my whole thesis on bitcoin and real estate from what I’ve learned in the last 6 months
This was brilliant. Hallam in always sunny Barbados.
I have been trying to follow the technology development of 3d printed structures. I am not sure of the end point, but I wonder if Bitcoin starts to push mass manufacturing techniques for homebuilding to produce real estate on a timeline that doesn’t tie up capital for as long as is done in traditional construction. The other advantages are that insurance and space heating expenditures are reduced.
time preference matters, time of entry matters and vol .... earn in fiat, leverage in fiat and save in BTC ... this is MSTR strategy - see Preston's P/e discussion on this topic - brilliant
Bitcoin is a finite resource ,,,, next to time! POWERFUL!!!
Pretty clear 🎯 buy/study Bitcoin.
If it comes to the scenario you were talking about at the end of the podcast, wouldn't big business lobby the government to make it hard for ordinary people to buy bitcoin so they keep it to themselves, like they did with the current financial system?
To this common person you sound perfectly sensible! 😉
Thanks for this interview Preston and Leon. Real estate is a topic close to my heart as it was my core industry being 90% of portfolio allocated to RE investment for almost 20 years. (the 10% Bitcoin/crypto allocation actually surpassed my real estate portfolio in 7 years 😅) When you say PE ratio of real estate comes down to 7 to 10 doesn't it mean the income from rent is so high that the property produces such a high cash flow making it a very good investment? Also what platform do you recommend for people outside the US as river does not support it. Thanks
Isnt it good to diversify? Some btc, some real estate?....
Leon just made my point ...
Since there are still Cel-tokens shown in my app (allegedly worthless), does that still even mean anything? Thanks again for your incredible work!
fantastic
This interview is pure Gold.
I've been telling my father and my friends this for the last 5 years. For reasons unknown to me they don't believe me, and only believe something when someone else says it. Anyone else experienced this madness?
Preston has his own channel? Subscribed!
I own 40 units and this makes me want to sell them all immediately to buy bitcoin lol maybe I’ll start with a couple duplexes. Excellent conversation!
Do your research first!!!! I love bitcoin and am investing in it. But I am aware of the risks but I'm bullish on it. Just do your research before so that whenever it crashes you don't jump ship. Buy more during the crash whenever it does.
Hi Preston, I was wondering if you would share how you come up with the animated photos of people for your thumbnails? I own a painting business (to make more money to stack more BTC) and would love to put an image of myself on my business card that looks similar. Thanks for your help!!
Is this an older episode - when is the original air date? I seem to remember Preston saying his pitch at the beginning before. Maybe he said on another podcast, but he says this is the first time he talks about it. Love Leon btw - I've been following him and his articles for awhile now.
I confirmed it's new after watching the whole thing. GREAT EPISODE.
10:05 Impeccable evaluation of the 'pricing of R/E above its utility value'. There's only one small glitch: has Bitcoin been priced above its utility value? You didn't consider that.
No, because the utility value is storing value better than anything else in the financial system. And it's not even close to being big yet price-wise relative to its value.
@@kaplada22 Sorry but in my mind, volatility is the antithesis of 'storing value'.
@@AniishAu You're not the brightest, are you? Volatility will obviously go down with time. It's a small asset.
I hope you don't secretly buy any BTC, hate on it, but don't buy it in secret. That's the worst type of critic to be.
@@kaplada22 When (or if) volatility goes down over time, then (or maybe) we can call it a store of value. Until then it is a volatile speculative asset with almost no utility value. I do own BTC because I know a bubble and a craze when I see one. I will ride the wave and take off with the hard earnings of others brighter than me. I watch these videos to see when the hype is starting to thin. This is the third time!
What would have happened if you bought that house when BTC was $69k?
Preston, from the 50's to 1981 real estate developers diversified in to energy and commodities to combat inflation. Then they went bust doing that.
No. Mid 60s through the 70s was actually a commodity super cycle. Long time investor Jim Rogers made a fortune with it.
🔥💯🎯
👏👏👏👍
Does Preston read these comments? I just sold 3.7 coins to buy a house in December. Sold at $42k. Even though this was well under 50% of my total coins, it hurts and I feel that I made a grave mistake.
4:48 Couldn't the same thing be said about holding crypto?
Theory of property ownership
As a professional real estate investor and huge bitcoin fan, I usually find these comparisons a bit misleading. Taking leverage to buy bitcoin is a bad idea, period. Sweeping some % of net profits into it is a good idea. But the argument that real estate expenses are too high is not a good one when you're then saying you take 25% of those net profits to buy BTC, and that's a significant amount. So obviously real estate is making money regardless of expenses. And as inflation makes those expenses higher, it makes the income higher as well. Bitcoiners always talking about real estate expenses and not income, is like a restaurant only talking about how they're always having to buy all this food. It's like yeah that's how business works, you have income and expenses.
Except that homes are a necessity to quality of life, bitcoin would not be missed if it did not exist or go away. Price action does not equate to store of value, fun narrative though. It's a speculative instrument, and there is nothing wrong with that.
You clearly have much more to study about bitcoin.
That’s a good point about homes being a necessity to quality of like. I think the same can be said about Bitcoin, people just can’t see it yet because they are barely learning about their money being debased. Bitcoin is becoming necessary to those whose quality of life is being lowered by inflation which is caused by debasement.
1sat=1usd 💪🏻💪🏻
The idea of investing a significant sum of money may be both thrilling and intimidating. There seems to be potential for considerable wealth increase with the correct strategy. How can one take advantage of the present market to grow one's retirement savings over time?
A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $100k every one quarter of the year so I’m sticking to investing via an Adviser.
can you tell me who does your trading for you please?
Aileen Gertrude Tippy is the licensed fiduciary I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment..
Thanks for sharing, I just looked him up on the web and I would say he really has an impressive background in investing. I will write him an e-mail shortly.
I really appreciate the dedication in each video you post. Long term investor's know that the market and economy will recover eventually, and investors should be positioned for such a rebound, I gained $180k from bitcoin of 2021. Before the market crash and now am buying again, adding more at a time. Having a good financial advisor like Michelle Stewart, it will add to your success in the crypto market.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
What impresses me most about Michelle Stewart is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Isn't that the same Mrs Michelle Stewart that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I'm new at this, please how can I reach her?
What Bitcoin are we talking about here?
BTC or BCH or BSV?
BTC only. The others are scams.
If your half a bitcoin one day soon reaches $250,000 and you approach a lending institution with a loan-to-value ratio of 50%, you may be eligible to borrow up to $125,000.
Assuming you secure a loan with a low interest rate of 3%, you can use the borrowed funds towards purchasing your house. You can keep your bitcoin as collateral as long as you make the low interest rate payments on that loan, and you could benefit from bitcoins increase in value.
Obviously, bitcoin can go to zero but history for the last 15 years have proven otherwise
gold:
- Price in 2007: $650 per ounce
- Price in 2023: $2034 per ounce
- Gain: Approximately 212%
Bitcoin:
- Price in 2007: around $0.30 per coin
- Price in 2023: $45,000 per coin
- Gain: Over 14.9 million percent
- Price in 2007: around $0.30 per coin
- Price in 2023: $45,000 per coin
- Gain: Over 14.9 million percent
Conclusion: Bitcoin continues to significantly outperform gold over the last 15 year and evidently mortgage rates.
bitcoin was invented in 2009.
Please do an episode with Michael Saylor about his stock to Bitcoin strategy
Comparing apples to oranges. Totally different asset classes. I own digital assets and real estate since 2001. I own real estate for two reasons. 1. cash flow 2. tax write offs. Absolutely nothing to do with "storing value". I know many investors and have met 100s over 2 decades and not a single time have I heard someone mention storing value. Crypto is a highly volative speculative asset class you are betting on price appreciation. Good and different reasons to own both.
BitCoin, the Swiss Bank account for your pocket.
Predicting market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets
Building a good investment portfolio is more complex so I would recommend you seek Fergus Waylen's support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams..
I am surprised that this name is being mentioned here, I stumbled upon some of his clients testimonies on CNBC news last week..
What I appreciate about Waylen is his ability to tailor strategies to individual needs. he recognizes that each investor has unique goals and risk tolerances, and he adapts his advice accordingly
His technical analysis is excellent and his interpretation/projections of the market is so accurate I sometimes ask myself if he is human haha. Point is, Waylen is the perfect trader to follow for advise and daily signals.
Sincerely speaking. I will continue to trade and stick to Fergus Waylen daily signals and guides as long as it works well for me.
How does all this make sense when a real estate company buys Bitcoin at $55,000 and then it goes down to $17,000 And then they need to raise liquidity for some internal reason?
The company should be buying Bitcoin with profit and without leverage and with the ability to at least hodl for one bull cycle
I'm hearing increasing assertions on two topics: 1) Lightning is a failure, 2) Bitcoin must revisit block size constraints. I'd appreciate your thoughts.
This I want to know - how do we know what a transaction will cost
These mostly come from the fact neither can scale to be used at any scale in their current form. In the LN white paper it states the block size needed on base layer for global scale.... 133mb. Btc blockchain has a 1mb block size, Woefully inadequate. This severly limits the L1 and LN. To fix both you would need to increase the block size and the hard core group that basically run BTC will never do that.
A good example in May when ordinals came out LN had a failure rate of 12.5% and BTC hit $30 fees. This is why nobody builds on it. I hear "global reserve currency" all the time and mathmatically its just nonsense.
@@davidvick5968 Thank you, David, for the precise answer. So, will BSV attract those who want to build onchain? I'm just a Hodler, not a techie, but I'm hearing the blocksize discussion more all the time.
Microstrategy stock is the best stock in the market. Bought some at 163... currently 250% return... thanks to saylor for orange pilling me 🙏
If real estate will lose its premium -70% and BTC is so great then why not stop the real estate business and go all in in BTC???
I am doing both, buying real estate and bitcoin.
regrading the comment at 8:00, I think the only problem is Bitcoin doesn't contribute to credit worthiness for the average consumer. I could have 10 bitcoin, but creditors only see that I have no savings and "gamble on crypto"
37:32
Just to add that the analogy about bitcoin is ALMOST wrong when they say it is "digital gold"... the right analogy is "bitcoin is digital real estate".
Gold can be produced or mined according to the market, there is even a global gold consul that regulates to a LARGE EXTENT the production of gold, but real estate is what it is, and in this real estate there is only 21M, period.
Doctor Strange love?
I still need a place to lived, so I will still owned and protect my main residence. All my extra investment money goes into crypto
Real estate in the US has sustained high prices even with a reduction in demand since rate hikes began in 2022.
Supply is severely constrained due to locked in low rates from pre-2022. When the Fed lowers rates in 2024 it will flush a lot of buyers out of cash but it won’t entice sellers bc their rates will still be hundreds of basis points lower than market rates. It’s going to cause a big squeeze in real estate and prices will absolutely rip.
Next ≈5 years real estate will keep ripping. It’ll be the blow off top to a 50+ year bull.
Last call for you guys to ape into Staxum. Nothing better this year..
1 big downside about bitcoin is you can loose it due to hacks or sending to the wrong address, thats why many people also will have some money in real estate/stocks/gold.
Investing anywhere other than bitcoin during these early adoption years is inefficient
On the note of him saying people might hesitate refinancing their homes cuz of their families and not wanting to leave USD… I reply with. Your paper has went down by 99% my Bitcoin has went up by 109,000,000% 💪🏻 Bitcoin wins. *Abandon ship* ❤
Big bitcoin believer here. However… math may have been a little misleading there at the beginning. Buyer of $500k house may have put down 10%, $50k. Price of home went from $500k to $1m. Their $50k investment made them $500k (10x)!
And yes they had to pay a mtg pmt, but would have either had that or rent so that part is a wash.
Overall that was a massive win! However, that will def not be possible going forward, even if rates drop. If rates drop supply will increase DRAMATICALLY as homeowners will once again be able to move without a massive mtg pmt increase.
Could be time to sell and stack.
wankum and pysh: don't go to Glasgow
Staxum presale began, and wealth for future generations is already being created.
Hence why. The elites have no choice. And will act.
I can't be the only one who thinks this guy says Bitcoin funny
Staxum and Ebay signed a partnership. It will blow up once it hits mainstream..
Ive had the feeling BTC would be going to 40k as well. Clearing out all my Alts going into BTC and Staxum only, maybe a little BNB.
Everyone talking about the Staxum launch best news this year.
E-commerce tokens are booming. Staxum will go 50x after the launch.
Big mistake guys....no one has 500000 to buy the house they make a loan and n are payments monthy..do your figures again fo people that don't have that amount of money initially to buy a housr
I am in Property and Crypto simple
I'm in Bitcoin only. Even simpler.
Wankum lol.
Comment section is full of spam.
Lol when did btc become deflationary 😂… beware of scammers on podcasts trying to shill their bags 😅
Hey there, random hater, how is it not deflationary?
Everything has become cheaper in btc
Pre-sale for Staxums STX is a once-in-a-lifetime chance. Reserve your place!