National Bureau of Economic Research argues that 14 percent of the $2.7 trillion commercial real estate loan market — and 44 percent of office loans — currently carry outstanding loan balances higher than property values and are at risk of immediate default.
The US construction industry can increase available housing by 1% to 2% per year.
But the US population is only 330M out of 8B.
So if just ~4% of Earth moves here, housing would need to double, which is impossible, causing a massive homeless problem and house prices to be astronomically unaffordable.
#Bitcoin offers an asset superior to sovereign debt, enabling a new approach to treasury management that promises to eliminate dysfunctional balance sheet practices and revolutionize corporate finance.
#Bitcoin is back to blue!
During major bull runs, miner revenue begins a huge ramp up while prices surge.
These times in the red can only come after cool down and accumulation in blue low pressure.
After sending a huge false spike in 2-year miner revenue fees due to ordinals, Bitcoin has returned to its low fee pressure accumulation mode.
This was the same thing that happened in 2019, after a big parabolic run up to the mid-top of $14,000 with a smaller red spike in revenue.
Our time in the true red bull run will come again!