R1 million house bought in 2017 would have cost us just shy of 12 bitcoin (BTC).
Today, the value of that property is 1.44 BTC after allowing for increases in residential property values as tracked by Statistics SA.
SA house prices are already considered cheap relative to many overseas markets but are even more affordable when measured in bitcoin.
Chart 1 shows BTC's deflationary power since 2017. BTC broke $70 000 last week and hit all-time highs in some currencies - though not when measured in ZAR, which has been strengthening against the US dollar in recent months.
Another way is that if you invested your R1 million in BTC in January 2017 rather than a house, you would have 15.9 BTC today, worth R19.5 million.
That's assuming you purchased the house entirely with cash. Most people will use bank finance, perhaps with a 10% cash downpayment, not counting conveyancing and other fees.
هذه القصة مأخوذة من طبعة November 05, 2024 من The Citizen.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 05, 2024 من The Citizen.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Kat is out of the bag at Kempton
Following an odds-on reverse on her seasonal debut, Kateira can reward those who keep the faith in the Racing TV Mares' Hurdle at Kempton today.
Roccapina to rescue bettors
It is rare to get a 10-race card for a midweek meeting, but that is exactly what will be confronting punters at Hollywoodbets Kenilworth tomorrow.
Cup Day TAB bets open
BETTING: TWO HUGE CARRYOVERS, THREE JACKPOTS AND TWO BIPOTS ON OFFER
Larsen is an ace tactician
Mamelodi Sundowns' 2-1 loss to Magesi FC in the Carling Knockout final will dominate headlines for the next couple of days with every critic pointing out where it all went wrong in the cup decider that was played in Bloemfontein.
Downs coach expects flak
Mamelodi Sundowns coach Manqoba Mngqithi expects more criticism to come in his direction after the 2-1 loss to Magesi FC in the Carling Knockout final on Saturday.
PRAISE FOR BOKS
RASSIE: HAPPY HOW SQUAD BOUGHT INTO STRATEGY
Cane leaves on a winning note
New Zealand saw off a battling Italy 29-11 on Saturday in their final match of the year as Sam Cane (above) was given a winning farewell to international rugby in Turin.
Scotland dash Aussie Slam hopes
Scotland captain Sione Tuipulotu scored a try against the land of his birth in a 27-13 win over Australia at Murrayfield on Sunday that dashed the Wallabies' dream of a Grand Slam.
Proteas women wilt in opener
T20I: BRAVE EFFORT BUT FAIL TO HOLD OFF ENGLAND
Odegaard having a huge influence
London Mikel Arteta said his Arsenal team \"flows in a different way\" when Martin Odegaard is playing after the Gunners crushed Nottingham Forest 3-0 on Saturday to end their winless run.
