{"id":61155,"date":"2023-09-22T23:02:16","date_gmt":"2023-09-22T23:02:16","guid":{"rendered":"https:\/\/egrowonline.com\/?p=61155"},"modified":"2023-09-22T23:02:16","modified_gmt":"2023-09-22T23:02:16","slug":"real-estate-or-bitcoin-which-is-more-reliable","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=61155","title":{"rendered":"Real estate or Bitcoin: Which is more reliable?"},"content":{"rendered":"


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On this week\u2019s episode of Macro Markets<\/em>, Cointelegraph analyst Marcel Pechman discusses the real estate markets, highlighting stagnant mortgage demand, attributed to rising rates. With an average 30-year fixed-rate mortgage interest rate of 7.27%, refinancing and home purchase applications have dropped significantly.<\/p>\n

Still, Pechman speculates that house prices might rise if inflation continues to grow. While some sellers may be distressed, real estate, especially urban residential, has historically been a reliable store of value. He concludes by highlighting that other investment options may not provide a safer haven in the current economic climate.<\/p>\n

In the second segment, Pechman discusses Instacart\u2019s initial public offering, which established its valuation at roughly $10 billion, significantly lower than its $39 billion peak valuation. This reflects the challenges faced by venture capitalists in the current economic climate. Pechman suggests a shift in investor metrics, emphasizing the need for a reliable store of value, where cryptocurrencies like Bitcoin (BTC<\/a>) could play a role.<\/p>\n

Pechman notes that not all cryptocurrencies seek growth through user bases and fees. Bitcoin can operate as a transparent reserve system for banks and nations, issuing Bitcoin-backed digital assets without requiring a billion users. This shift in perspective highlights the need for a reliable store of value. Unlike precious metals with auditing challenges, Bitcoin and cryptocurrencies can fill this role regardless of everyday user adoption.<\/p>\n