Breadman’s painful personal anecdote uncovers the silent crisis rippling across global real estate markets, disguised by rising fiat prices but blast wide open when viewed through a Bitcoin lens.
While Mediterranean countries like Spain have posted annual price growth of 7–8%, and even double-digit jumps in appraised values in Portugal, the wider global picture is more uncertain.
On paper, a 15% gain in two years sounds solid. But inflation eats into those fiat profits relentlessly. Revised forecasts have pegged U.S. inflation for 2025 as running above 4%; add in local volatility from tariffs and changing global policy, and the real return on property is often much less than the headline figure.
Now zoom out. Since April 2023, Bitcoin has surged from ~$22,000 to above $118,000, outpacing every major asset class on earth, and dwarfing the dollar gains made in real estate. While homes may be getting more expensive in fiat, they’re becoming vastly cheaper in BTC terms.
While houses look like good investments on a nominal chart, their real purchasing power collapses when measured against truly hard money.
While global headlines tout resilient or even climbing real estate prices, a new reality is emerging for those with a Bitcoin perspective: real estate’s quite crash in BTC terms, and inflation further eroding fiat gains.
