Crypto isn’t just a technology, it’s an internet-native economy. Revenue is tracked in ETH. Key decisions are made with community governance. Transactions are enforced on-chain through smart contracts. Treasuries are controlled via multi-sigs. And value is captured with tokens.
In our view, the short-term impacts to real estate are highly varied by asset type. Office space tends to be safer during market disruptions simply due to longer lease terms and a corporate tenant base. Hotels, restaurants and retailers are particularly vulnerable as a result of widespread travel bans and social distancing policies. We also expect... See more