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Bitcoin versus home prices: Here's how the crypto has performed against the residential property market over the last 5 years
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Malte Mueller
A person who put a down payment on a home in Manhattan five years ago would lose money if they tried to sell that place today, while an investment in bitcoin would have allowed them to rake in nearly $20 million.
Those are part of the findings of a recent analysis by Point2, a Canadian real estate platform that compared returns for an investment made in 2017 in bitcoin or in US residential real estate.
Prices for the cryptocurrency and US homes have each climbed since 2017. However, «bitcoin price appreciation blew home price increases out of the water,» the company said.
Bitcoin has piled on roughly 6,100%, trading at $61,900 at the start of November from around $998 when trading in 2017 got underway, according to CoinDesk
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