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TylerFoust🎩Ⓜ️🎯
@tylerfoust.eth
This week, insurance companies faced a sharp decline in the value of their bond portfolios, while some of the most expensive real estate in the country was reduced to ashes by wildfires. Insurers are already forecasting losses of at least $20 billion, prompting many companies to stop offering coverage in California altogether. Why does this matter? Without insurance, you can’t secure a mortgage from the bank. Potential buyers of your property will face the same problem. This raises a critical question: What happens to property values? And what about the banks that actually hold much of this real estate on their balance sheets? The era of balance sheets dominated by real estate and sovereign debt may be coming to an end. Why Bitcoin? You can’t live in bitcoin, but: It won’t burn to the ground. It won’t be endlessly devalued by government policies. This week, many banks and insurance companies are beginning to realize the value of assets that are immune to natural disasters and inflation.
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Aroosh 🫶🏻👉🎩🍖🎭
@aroosh
@tylerfoust.eth Interesting perspective But what do you think would be the tipping point for mainstream adoption of Bitcoin as a hedge against these risks? "Interesting perspective! But what do you think would be the tipping point for mainstream adoption of Bitcoin as a hedge against these risks? And how might governments and banks react to such a .......
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