Pricing Houses in Bitcoin Exposes Dollar’s Loss of Value

Pricing U.S. homes in bitcoin flips the narrative on housing “gains,” highlighting dollar debasement, according to CoinDesk, citing Fidelity Digital Assets. Fidelity said a typical U.S. house has gained more than $100,000 since 2020, but priced in BTC it fell from more than 50 BTC in 2020 to about 5 BTC now, a 90% decline. Fidelity analyst Zack Wainwright said the apparent appreciation reflects erosion of the fiat unit of account. CoinDesk added BTC’s near-term recovery depends on renewed ETF demand, especially BlackRock’s IBIT, which has taken in over $200 million this week.