Zuby is joined by investor, real estate developer, and author of the new book Digital Real Estate, Leon Wankum. Leon wrote his master's thesis on Bitcoin back in 2015, then spent the next six years developing property. Leon explains why Bitcoin is the digital counterpart to the largest store of value on earth.
The conversation breaks down why money loses purchasing power by design, what actually happened in 1971, and why real estate, not gold, is the right benchmark for understanding Bitcoin's potential. Leon explains the four-year halving cycle against the 18-year property cycle, why crashes are healthy, and why he thinks the most financially successful people are the hardest to convince.
They also dig into why inflation creates a convincing illusion of prosperity, how innovation financed by credit can never make things cheaper, what Leon believes is the real threat to Bitcoin, and why the solution to the housing crisis is not cheaper loans.
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Timestamps:
(00:00) Introduction
(05:41) Why Bitcoin is digital real estate
(08:47) What happened in 1971
(09:15) Ten eggs and ten dollars
(15:54) "I can't afford Bitcoin"
(19:27) The four year halving cycle
(28:03) Bitcoin isn't volatile, humans are
(32:15) Inflation's illusion of prosperity
(38:12) Your house priced in Bitcoin
(43:15) The hardest people to deprogram
(46:28) School's Prussian origins
(51:19) The biggest threat to Bitcoin