Peter Dunworth: Buy 1 house for 0.001 BTC in 2044

Waking up one day in 2025 to a $1M BTC Price? And being able to buy an average home for just 100k sats in 20 years? Bitcoin will surprise us all!

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Summary

Bitcoin is a pristine collateral that stacks up well against real estate due to its unique properties. Real estate has been successful due to property rights, government incentives, and tax breaks. Bitcoin offers property rights to anyone with access to the network, providing a global market of 8 billion potential users. The limited supply of 21 million Bitcoin makes it a valuable asset, especially as more people recognize its importance. The playbooks for Bitcoin adoption are already being laid out, from corporations like MicroStrategy to nation-states like El Salvador. This is an opportune time to invest in Bitcoin, with regulatory approval and the potential for large pools of capital to enter the market. In this conversation, Peter Dunworth discusses the potential for mass retail adoption of Bitcoin and the role of government-scale events in driving this adoption. He explains that a central banker with the ability to print money could buy an unlimited amount of Bitcoin, causing the price to skyrocket. Dunworth also highlights the global aspect of Bitcoin, noting that it can be used as collateral anywhere in the world. He compares the advantages of Bitcoin as collateral to traditional real estate investments and discusses the changing preferences of younger generations. Finally, Dunworth emphasizes the importance of estate planning and minimizing estate taxes for preserving generational wealth in Bitcoin.

Takeaways

Bitcoin offers property rights to anyone with access to the network, making it a global market of 8 billion potential users.
The limited supply of 21 million Bitcoin makes it a valuable asset, especially as more people recognize its importance.
The playbooks for Bitcoin adoption are already being laid out, from corporations like MicroStrategy to nation-states like El Salvador.
This is an opportune time to invest in Bitcoin, with regulatory approval and the potential for large pools of capital to enter the market. Mass retail adoption of Bitcoin may be triggered by a government-scale event, such as a central banker buying an unlimited amount of Bitcoin.
Bitcoin's global nature makes it a versatile form of collateral that can be used anywhere in the world.
Bitcoin's potential as collateral offers advantages over traditional real estate investments, particularly for younger generations who prioritize flexibility and optionality.
Estate planning and minimizing estate taxes are crucial for preserving generational wealth in Bitcoin.

Chapters

00:00 Comparing Bitcoin to Real Estate as Collateral
01:33 Factors that Make Real Estate a Good Investment
11:28 Bitcoin's Advantages as Collateral
18:21 The Future of Bitcoin as Collateral
26:08 The Impact of Larger Pools of Capital on Bitcoin
26:37 Michael Saylor's Genius Money Printing Machine
30:56 Bitcoin as the Best Form of Collateral
43:57 Estate Planning for Preserving Generational Wealth
50:50 Bitcoin Adoption and Government-Scale Events

[RobinSeyr]

Will we see a $1M BTC Price in 2025?
Thank you for joining us today, I'll be back tomorrow with another Episode🧡

[Zimoo]

Peter Dunworth is an absolute treasure

[eddiebeer]

As Jeff Booth points out, people are mostly trapped in the paradigm of fiat and can't even take the time to look at the promise of freedom money that Bitcoin represents. So involved in the treadmill of playing the game of trying to extract more than they can contribute to the fiat system that they were born into, they cannot fathom that something better and liberating could even be possible. To their own detriment. It's really sad and pathetic. Your guest obviously gets it.

[markhenry]

2014: Bitcoin's price was $318.
2024: Assuming Bitcoin's price is $60, 000, this represents an increase of approximately 18, 792% over 10 years.
2034 (Theoretical Projection): If the same increase of 18, 792% continues, Bitcoin's price could theoretically reach around $11, 355, 200 per coin by 2034.

[ImperialMisano]

i am a baby boomer and i understand exactly what you are saying !!!! and i got a lot of is mine

[magikavoncary]

One of my top favorite bitcoiners. But he is insanely bullish. One house for 0.1 bitcoin in 2044 and we can call it a huge success:-)

[carbonfibercrypto]

governments in europe are notorious for confiscation; your ability to live in europe depends on your ability to navigate the nuances of tax loopholes (instead of simply just being productive and adding value)

[johndrake]

BTC is gonna eat Wall Street, little doubt.

[jeffreyschmidt]

Gr8 interview. Peter is quite the visionary for sure and what makes it doubly so is the logic use to envision it. Outstanding:)

[jfk]

Great discussion, Dr Evil v The Terminator.

[joeokeefejr]

Nailed it! Especially with the point about renting a nice place, saving the equity, and using it to invest in BTC for 50% returns yearly versus 10% return if you bought the property. Way more flexibility living and investing on a BTC standard.

[Jontellis]

Great podcast! Peter is bang on, proper estate planning is critically important for bitcoiners

[sbw]

I doubt it but I like Peter's optimism!

[goodcatfilms]

Short term it’s great to have a house with a rental basement to have money to save… everything else in Bitcoin!

[GlenisRetiredNZ]

Peter brought back memories of when I was looking to buy a house. I got a job at a bank because a bank would lend to employees. As a single woman I got a mortgage but I still needed my parent to act as guarantors and on the legal documents I was defined as a 'spinster' lol

[marcusduffner]

Read the book Softwar from Major Jaso P. Lowery, it will show you the real power of BTC in the future.

[majinsaiyan]

Been scrolling for ages to finally find the vid that’ll give me maximum hopium for the day

[tahitiprinciple]

2 of my Favs - thx guys!
As for inheritance tax, here is what a Family Lawyer told my in Canada...
My Formal answer is that the Crypto if in existence at the time of your passing is part of your estate and is part of the residue and therefore its not necessary to
specifically mention them any more than any other investment you may have.
You have declared capital gains and losses concerning the coins in past years and thus their value at the time of your passing will be subject to Ontario Probate tax.

Are you saying there's a way around paying the probate tax Peter IE Paying CG Tax on the liquidating value at time of death minus the ACB of the purchases?

[enalonzo]

29:56 - I thought this was Arnold Schwarzeneggar for a second! 💪

[breadman]

Great point on the mass adoption. Its not a specific price, it's when we wake up one day to a 10x and the whole 🌎 wakes up. That will be the moment BTC changes forever. We are still early people.