In a recent discussion, Jack Truong, a business leader from Chicago, argues that Bitcoin may be a better way to preserve wealth than traditional real estate. He points out how remote work and high mortgage rates have changed the housing Market, making home ownership less profitable for many. With rising inflation and dwindling purchasing power, Truong explains that Bitcoin has outperformed both gold and real estate in retaining value. He highlights Bitcoin’s advantages, especially in times of political instability, allowing individuals to easily store and transfer wealth. While he acknowledges the value of real estate for long-term homeowners, he encourages investors to consider diversifying their portfolios with Bitcoin to combat economic uncertainties.
Chicago, United States, April 10th, 2025, FinanceWire
Jack Truong, a forward-thinking executive and business leader, is championing cryptocurrency, especially Bitcoin, as a better store of value than traditional real estate in today’s changing economy. With remote work on the rise, interest rates climbing, and purchasing power dwindling, Truong believes that digital assets provide a more effective solution for preserving wealth.
The Decline of Real Estate as a Universal Investment
For years, owning a home has been a key way for people to build wealth. However, Truong points out that the growth of remote work and increased mobility are shaking up this traditional view. He says, “In the past, people would buy homes and live in them for a long time, benefiting from appreciation and tax perks. But now, with a more mobile workforce, not sticking around in a home for long reduces your return on investment.”
High mortgage rates currently hovering around 7% have further complicated the situation, making many homeowners hesitant to sell and stalling the housing Market. “Selling now often leads to a more expensive mortgage, making real estate less appealing for short- to medium-term investment,” he adds.
The Purchasing Power Crisis
Truong identifies a key economic challenge as the sharp decline in purchasing power rather than just inflation. Since 2019, the U.S. money supply has jumped by 42%, reducing the dollar’s value. He compares the worth of real estate, gold, and Bitcoin to highlight this point. Back in 2020, a $330,000 house cost about 186 ounces of gold or 16.5 Bitcoins. Fast forward to 2023, and that same house is priced at $420,000 but only requires 160 ounces of gold or 6 Bitcoins.
“Gold has held its value better than cash, but Bitcoin has outpaced both,” says Truong. “Its digital format represents a natural step in the evolution of money—from barter to coins, paper, credit, and now decentralized assets.”
Bitcoin as a Global Hedge
Truong also highlights how Bitcoin can serve as a safe haven during times of geopolitical turmoil. “Think about someone in Kyiv who lost everything due to war. With Bitcoin, they can store their wealth digitally and move it across borders in an instant,” he explains. Unlike gold, which isn’t very practical for everyday transactions, Bitcoin serves as both a valuable asset and a means of exchange.
Strategic Investments
Though Truong acknowledges the value of real estate for long-term investors, he still recommends diversifying one’s portfolio. “Rental properties or frequently changing homes may not be the best strategy anymore. Allocating some funds to Bitcoin could shield against the loss of purchasing power,” he advises.
As economic uncertainty looms, Truong’s insights push people to rethink traditional investment methods and explore new avenues for preserving wealth in a digital era.
About Jack Truong
Jack Truong has extensive experience as a business leader with a knack for transformative strategies. His insights combine macroeconomic trends with pragmatic investment advice, presenting a modern take on finance.
Contact
Jack Truong
jack.truong@jameshardie.com
What is Jack Truong’s main argument about cryptocurrency?
Jack Truong believes that cryptocurrency can be a more stable investment than real estate. He argues that in today’s mobile economy, digital currencies provide better opportunities for returns.
Why does Truong think cryptocurrency is better than real estate?
Truong thinks cryptocurrency is better because it is more flexible and accessible. Unlike real estate, which needs a lot of capital and time, cryptocurrency can be traded quickly and easily with just a smartphone.
Are cryptocurrencies really stable investments?
Truong claims that, despite some price fluctuations, cryptocurrencies can offer more stability compared to the unpredictable real estate Market. He believes the technology behind cryptocurrencies protects their value better.
How can someone get started with investing in cryptocurrency?
To start investing in cryptocurrency, Truong suggests learning the basics first. You can create an account on a cryptocurrency exchange, buy some coins, and keep them in a digital wallet. It’s important to start small and do research.
What risks should investors be aware of?
While Truong sees potential in cryptocurrency, he also warns about risks. The Market can be volatile, and there are scams to watch out for. It’s wise to invest only what you can afford to lose and to stay informed.