There was a period when some investors favored Bitcoin (BTC) and other cryptocurrencies over property; but, a shaky economy suggests that this trend may soon be coming to an end according to one realtor.
Residential Director at London agency JOHNS&CO. Clynton Nel opined that the volatility in other markets shows that real estate investments remain a solid investment option in an opinion article published in The Negotiator on June 17.
Nel noted that aside from the fact that the real estate sector had its busiest rental period on record only last month, its rebound from the pandemic is noteworthy. Contrarily, he pointed out that Bitcoin dropped to an 18-month low last month while Ethereum, the second biggest token in terms of market cap, lost a third of its value after the crash in the crypto market.
“Whilst property is of course not immune from global geo-political issues and has had its fair share of ups and downs over the years, it is certainly far less dependent on the strength of investor sentiment than other asset classes are.”
Why property remains an attractive investment opportunity
Major, J. (2022, June 17). Realtor dismisses bitcoin as a hedge asset, says Crypto Carnage is good for property. Finbold. Retrieved June 22, 2022, from https://finbold.com/realtor-dismisses-bitcoin-as-a-hedge-asset-says-crypto-carnage-is-good-for-property/