Bitcoin House Price Index (@btchpi) header
Bitcoin House Price Index (@btchpi) profile picture

Property denominated in Bitcoin 📏 Same houses. Fixed unit. UK index built monthly from HM Land Registry HPI 📊

🇬🇧
Joined December 2023
Bitcoin House Price Index retweeted
Replying to @dogreadsnews
Once you see the trend of houses prices in BTC, you can't unsee it.
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London · All property types In the 8 years prior to August 2026: • Prices had a 1.0% CAGR in GBP • Adjusted for CPIH inflation they had a -2.7% CAGR In Bitcoin, prices fell 22.0% each year
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London · Terraced In the 8 years prior to August 2026: • Prices had a 2.2% CAGR in GBP • Adjusted for CPIH inflation they had a -1.5% CAGR In Bitcoin, prices fell 21.0% each year
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Bitcoin House Price Index retweeted
I think it’s likely the price of the average house will fall by an order of magnitude in Bitcoin terms over the next 5 years.
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August 2026 House Price Index The average property price is now 11.9 BTC in London. Annualised change 2018 to 2026 +1.0% in GBP, -22.0% in BTC.
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United Kingdom · Terraced In the 8 years prior to August 2026: • Prices had a 3.7% CAGR in GBP • Adjusted for CPIH inflation they had a -0.1% CAGR In Bitcoin, prices fell 19.9% each year
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London · Semi-detached In the 8 years prior to August 2026: • Prices had a 2.4% CAGR in GBP • Adjusted for CPIH inflation they had a -1.3% CAGR In Bitcoin, prices fell 20.9% each year
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Bitcoin House Price Index retweeted
Superprime ‘buy to leave’ is the cleanest case of the monetary premium in housing: apartments bought and intentionally left empty. Generally, measuring the premium is hard. Property is a global asset class, but no two buildings are the same, and every plot sits in a local market with its own dynamics. Here, no tenants and no cash flow. It is not an investment. Just trading an abundant asset (cash) for a scarce one (an address in a global city). Sell later for the same purchasing power or more. Or buy, borrow, die: never sell, refinance against the higher valuation for cash. Menger would spot it immediately: a good acquired not for its use but for its expected purchasing power is money. The apartment scores well on saleability across time and badly across place, but its use as collateral makes up the difference: a bank will lend against it anywhere. These apartments are savings accounts with front doors. The price is mostly monetary premium. @anilpatel @leonwankum @MartyBent
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United Kingdom · All property types In the 8 years prior to August 2026: • Prices had a 3.1% CAGR in GBP • Adjusted for CPIH inflation they had a -0.6% CAGR In Bitcoin, prices fell 20.3% each year
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United Kingdom · Semi-detached In the 8 years prior to August 2026: • Prices had a 3.7% CAGR in GBP • Adjusted for CPIH inflation they had a -0.1% CAGR In Bitcoin, prices fell 19.9% each year
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United Kingdom · August 2026 · All property types Time for average property to = 1 BTC • Trend 3.4 years (Jan 2030) • Range low 10 months (Jun 2027) • Range high 6.4 years (Jan 2033) Assumes property grows at its 10-year average and Bitcoin stays on its power law trend
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Superprime ‘buy to leave’ is the cleanest case of the monetary premium in housing: apartments bought and intentionally left empty. Generally, measuring the premium is hard. Property is a global asset class, but no two buildings are the same, and every plot sits in a local market with its own dynamics. Here, no tenants and no cash flow. It is not an investment. Just trading an abundant asset (cash) for a scarce one (an address in a global city). Sell later for the same purchasing power or more. Or buy, borrow, die: never sell, refinance against the higher valuation for cash. Menger would spot it immediately: a good acquired not for its use but for its expected purchasing power is money. The apartment scores well on saleability across time and badly across place, but its use as collateral makes up the difference: a bank will lend against it anywhere. These apartments are savings accounts with front doors. The price is mostly monetary premium. @anilpatel @leonwankum @MartyBent
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London · Detached In the 8 years prior to August 2026: • Prices had a 1.9% CAGR in GBP • Adjusted for CPIH inflation they had a -1.8% CAGR In Bitcoin, prices fell 21.2% each year
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United Kingdom · Detached In the 8 years prior to August 2026: • Prices had a 3.1% CAGR in GBP • Adjusted for CPIH inflation they had a -0.7% CAGR In Bitcoin, prices fell 20.3% each year
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The average property (United Kingdom · All property types) has halved seven times since Jan 2015. The last halving took 3.2 years. It has not halved again in the 2.3 years since.
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August 2026 House Price Index The average property price is now 5.86 BTC in the UK. Annualised change 2018 to 2026 +3.1% in GBP, -20.3% in BTC.
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London · July 2026 · Flat / maisonette Time for average property to = 1 BTC • Trend 4.7 years (Mar 2031) • Range low 2.3 years (Oct 2028) • Range high 7.4 years (Dec 2033) Assumes property grows at its 10-year average and Bitcoin stays on its power law trend
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The average property (United Kingdom · Flat / maisonette) has halved six times since Jan 2015. The last halving took 3 months. It has not halved again in the 5.3 years since.
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