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Any time a person chooses a good as a store of value, she is effectively increasing the demand for it beyond the regular market demand, which will cause its price to rise.
This applies to properties
“This is a historical lesson of immense significance, and should be kept in mind by anyone who thinks his refusal of Bitcoin means he doesn't have to deal with it. History shows it is not possible to insulate yourself from the consequences of others holding money that is harder than yours.”
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
“It is the author's opinion that the history of China and India, and their failure to catch up to the West during the twentieth century, is inextricably linked to this massive destruction of wealth and capital brought about by the demonetization of the monetary metal these countries utilized.”
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
“the world of sound money pre‐1914 was the world of zero to one, whereas the post‐1914 world of government‐produced money is the world of moving from one to many.”
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
50 Book Pledge
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Ricky Hsu’s 2025 Year in Books
Take a look at Ricky Hsu’s Year in Books, including some fun facts about their reading.
2 books
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6 friends
46 books
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1 friend
0 books
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14 friends
4 books
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2 friends
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