Last week, insurance companies faced serious problems.
The bonds in their portfolios are depreciating, and the fires In California, some of the most expensive real estate in the country was destroyed.
Losses are already estimated at $ 20 billion. 👀
The real estate market is also under attack. Without insurance, it is impossible to get a mortgage, and without a mortgage, buyers lose the opportunity to purchase homes.
This will inevitably lead to a drop in real estate prices, which endangers banks, for which these assets make up a significant part of their balance sheets.
The era when the balance sheets of companies and banks were filled with real estate and bonds is coming to an end.
And here the question arises: which assets are really stable?
Bitcoin may not replace a house, but it won't burn down in a fire or be devalued by endless emissions.
Against the background of economic instability, it is becoming an increasingly obvious choice for those who are looking for reliable capital protection.
The world is changing, and those who understand this are preparing for a new reality.