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This Billionaire Claims House Investment Can't Compete with Bitcoin's Potential
Ricardo Salinas, a billionaire from Mexico, believes that houses cannot compete with the potential of Bitcoin (BTC) when viewed from the perspective of scarcity. For him, the number of houses can continue to increase, while Bitcoin is limited in supply, making its value considered superior in the long term.
However, Salinas does not completely reject the function of a house. He acknowledges that a house remains important as a place of residence, but it is not comparable if it is used as an investment instrument.
"If you consider a house as an investment, sell that house and buy Bitcoin. Or keep the house, take out a mortgage, and then use the money to buy Bitcoin, because this asset is far superior," he said.
This statement has provoked a response within the crypto community. One of these came from an X account named Pepe Onlyfrens, who assessed that homes currently resemble more of a burden due to the increase in property taxes in many areas, such as in the state of Washington, USA.
He added that the attitude of billionaires who dare to claim that Bitcoin is superior to property demonstrates a deep conviction in the concept of hard money.
"In the past, property was a symbol of wealth, but now digital scarcity is beginning to challenge it," he wrote.
This perspective shows a shift in the way of thinking in the investment world. From tangible assets like houses that come with additional costs, towards rare digital assets that are believed to be more adaptive to changing times, discussions about the future direction of investments are increasingly emerging.