[inter_netuser]

It’s a big IF, and something we probably won’t live long enough to witness even if it somehow works out.

If it becomes the global reserve currency, and remains accessible to everyone - the world would end up on a disinflationary Bitcoin standard.

In a disinflationary/deflationary environment the cost of borrowing/interest rates goes up, thus the leverage that is fueling asset inflation is removed. Blackrock doesn’t buy single family houses cash, they have access to the fed discount window.

During the gold standard we’ve had prices stable for hundreds of years in some examples, so at least we’ve seen that historically prices can be quite stable.

Today, land has become the primary saving vehicle and that’s less than ideal.

Personally I’d love to see land demonetized as an asset via Georgist taxes.