Jimmy Song (송재준)(@jimmysong):When money isn't worth holding people hold other things like real estate, which in turn causes them to inflate in value. This, in turn, means less development of real estate as the threshold to development profitability gets higher and higher. Fiat incentivizes less development.

Jimmy Song (송재준)

@jimmysong

Bitcoin Expert Check Highlights for long-form pieces Author of 5 Bitcoin books PGP: DE9A 9438 F8B0 89DD AD17 82A3 99D0 75B8 9511 8988

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Jimmy Song (송재준)@jimmysong

2026.08.17 18:36

When money isn't worth holding people hold other things like real estate, which in turn causes them to inflate in value. This, in turn, means less development of real estate as the threshold to development profitability gets higher and higher. Fiat incentivizes less development.