Leon

A civilization inherits the time preference of its money.

In my latest newsletter, “Toward the Separation of Money and Production,” I explore how bitcoin can separate value preservation from productive activity.

https://leonwankum.substack.com/p/toward-the-separation-of-money-and-production

After three years of hard work, my book Digital Real Estate is finally available for pre-order. 📙

Written from my perspective as a real estate developer, the book connects monetary theory with real-world investing—and shows how bitcoin integrates into existing businesses and real estate portfolios.

Digital Real Estate explores bitcoin’s rise as a store of value—and the challenge it poses to real estate’s long-standing monetary role. It offers a practical framework for understanding how bitcoin is reshaping the role of property, capital allocation, and corporate balance sheets.

https://store.bitcoinmagazine.com/pages/digital-real-estate-pre-order

The manuscript for my book DIGITAL REAL ESTATE is being handed in at the end of this month.

Pre-sale begins at the same time—with a special launch offer around the Bitcoin Conference. 🔖

My newsletter, “Bitcoin and Quantum Risk: What Actually Matters”, will be out tomorrow. A take on why first-principles thinking and the Austrian school of thought matter when assessing risk versus fear.

https://leonwankum.substack.com

My latest newsletter is out! 🧡

Periods of uncertainty tend to reveal how systems function. Geopolitical conflict, fiscal pressure, and monetary expansion are not isolated events, they are part of a recurring cycle that has shaped financial systems throughout history.

In this 36th edition, I examine how these dynamics affect property, wealth preservation, and why Bitcoin’s design offers a different framework for navigating an increasingly uncertain world.

https://leonwankum.substack.com/p/why-bitcoins-properties-matter

My written pieces are finally also available on Nostr.

Big thanks to

for setting up

🫡💫

Newsletter #35 is out 🫡🤝💫

In this edition of my newsletter, I explore why bear markets are not a failure of Bitcoin, but a prerequisite for its survival.

https://leonwankum.substack.com/p/bitcoin-cycles-how-resilience-is-built

"A 'cosmic accounting' system incorporates the survival values of a life-sustaining environment, the values, in energy and time, of the production of fossil fuels by nature, and the values of a regenerative and adaptive energy system and of renewable materials. Using this system, our present ways of utilizing energy are seen to be ridiculously wasteful."—R. Buckminster Fuller on Bitcoin

Out tomorrow!

Money shapes civilization long before politics reacts to it. Bitcoin’s trajectory does not depend on ideology or permission, but on its ability to coordinate human action more honestly than the systems it replaces.

My upcoming newsletter “Bitcoin Cycles: How Resilience Is Built” will be released early next week. 🤝

https://leonwankum.substack.com/

On route.

Back at it. 🥊

HNY.

We had a good run.

Time to get back to work.

A society grows great when old men plant trees in whose shade they know they shall never sit.

My newsletter "The Connection Between Money and Building Culture" is out! This essay is also part of my upcoming book 'Digital Real Estate', a project I've been working on for over 2.5 years. The writing process took far longer than expected, as I’ve tested every idea and strategy in practice—but the book is finally scheduled for release in Q2 2026.

https://leonwankum.substack.com/p/the-connection-between-money-and-building-culture

Poor design has always existed, but fiat amplifies it by fueling mass production through artificially cheap credit, rigid regulation, and political capture.

Mein Vortrag „Die Zukunft von Bitcoin & Immobilien“ vom 3. Bitcoin Forum Bayern ist jetzt als PDF-Slides & Transkript auf meiner Website.

Dort findet ihr alle meine bisherigen Vorträge, Artikel, Podcasts etc. rund um Bitcoin & Immobilien usw., gesammelt aus den letzen Jahren.

https://leonwankum.com/die-zukunft-von-immobilien-und-bitcoin/

My newsletter “Bitcoin’s Impact on Global Markets” is out!

https://leonwankum.substack.com/p/bitcoins-impact-on-global-markets-d06

I’ve postponed my newsletter on architecture to first tackle the bigger question: What is Bitcoin’s impact on global markets? I’ll dive into that in next week’s issue before zooming back into the micro-level of architecture, construction, and design. Out next week 📧

https://leonwankum.substack.com/

This was one of my longest podcasts so far, we discussed bitcoin as digital real estate (collateral), its role in business, Austrian Economics, monetary expansion, market risks, and why bitcoin outperforms the “inflation hedge” myth. Thanks for having me on!

I’m approaching 3,000 subscribers to my newsletter💥

I put a lot of work into it: the newsletter is free, contains no ads, and is my medium for exploring topics around Bitcoin, philosophy, ethics, and the Austrian School.

Each month I pick one theme and dive deep into it. If you’re interested, you can subscribe to my newsletter via the link below.

https://leonwankum.substack.com/

In the next edition of my newsletter, I’ll explore how bitcoin, as a disinflationary monetary standard, could reshape construction practices, architectural aesthetics, and urban design. Out next month!

https://leonwankum.substack.com/

In this month’s edition of my newsletter, I delve into the story of Metaplanet, my most comprehensive piece yet! 📨

It was important to me to understand the Metaplanet story in its entirety. If it’s as significant as it appears, it deserves a closer look, not just as a successful publicly listed company, but as a potential framework for understanding global Bitcoin adoption.

https://leonwankum.substack.com/p/the-metaplanet-story-from-crisis-to-a-bitcoin-standard

Once bitcoin surpasses real estate as the preferred store of value, architecture will shift to prioritize function over speculation.

Even though corporate adoption and the associated leverage in equity markets carry significant risks, I see the adoption of bitcoin as a reserve asset as a net positive, because Bitcoin-backed financial products allow society to learn through insight, rather than waiting for systemic collapse and learning through suffering.

My new newsletter is out: from cypherpunks to corporations: what corporate adoption means for Bitcoin

Let me know your thoughts on this one! 🧠

https://leonwankum.substack.com/p/from-cypherpunks-to-corporations-what-corporate-adoption-means-for-bitcoin

Bitcoin-backed financial products make it possible to learn through insight, instead of the system having to collapse and people having to learn through suffering.

The legacy financial infrastructure is not compatible with Bitcoin.

As a result, legacy financial products will increasingly integrate and be exposed to bitcoin, not to reinvent the system, but to gradually harden existing structures (see $STRK & $STRF).

Over time, this process will lead to Bitcoin establishing itself as the monetary singularity, setting a new global monetary standard.

In my next newsletter, I’ll explore this in detail. Out next week!

https://leonwankum.substack.com/

Empiricism is ultimately meaningless, because the future doesn't exist; it is a concept.

The time of corporate Bitcoin adoption is here. Strategy has provided the playbook. Companies like Metaplanet have heeded this call, and thousands will follow. In my upcoming newsletter, I will explore in detail what this means for Bitcoin, and its monetary function. Out next week!

https://leonwankum.substack.com/

How Bitcoin Mining Can Energize Real Estate

My latest for BM 🏠

https://bitcoinmagazine.com/markets/how-bitcoin-mining-can-energize-real-estate

The slides for my latest talk, "Navigating the Shift from Real Estate to Bitcoin: How Humanity Will Save and Live in the Future", are now live on my website. On their you can also find a full archive of my presentations, articles, and other work.

https://leonwankum.com/navigating-the-shift-from-real-estate-to-bitcoin-how-humanity-will-save-and-live-in-the-future/

My latest newsletter is out! 📩

My new newsletter, “Navigating the Shift from Real Estate to Bitcoin: Redefining How Humanity Saves, Builds Wealth, and Lives,” is out!

https://leonwankum.substack.com/p/from-real-estate-to-bitcoin-redefining-how-humanity-saves-and-lives

This was my first time speaking to a real estate crowd. 1,000+ RE investors open to learning about Bitcoin.

I was stunned at how openly BTC and its benefits for real estate development and management were embraced.

Clearly, the tide is shifting. ✨🛸

My new newsletter, "Navigating the Shift from Real Estate to Bitcoin: How Humanity Will Save and Live in the Future", launches this week!

https://leonwankum.substack.com

The negative transformation in architecture, often rightly critiqued by Bitcoiners, wasn’t driven solely by fiat money. Both modern architecture and fiat currency are 20th‑century phenomena born of the same push for standardization, industrialization, and modernism

In the late 19th century, architecture, art, and design were deeply rooted in historical styles and maximalism. As the industrial revolution took hold, counter-movements emerged.

Adolf Loos was a radical early‑20th‑century Viennese architect who challenged norms by stripping away all ornamentation he deemed unnecessary. He argued that modernity required a break from the past.

He influenced a generation of architects. Among them was the Swiss architect Le Corbusier, who would become one of the most influential figures in modern architecture.

Simultaneously, the Bauhaus school emerged in Germany in 1919, under the leadership of Walter Gropius, with notable figures such as Ludwig Mies van der Rohe and Marcel Breuer.

Their emphasis on simple, functional forms made a lasting impact on global design, laying the groundwork for what we now consider modern, minimalist architecture. But not all minimalism is equal.

Early Bauhaus designers were arguably aesthetic innovators, but most things created since are not so elegantly designed. Today, the world has been filled with careless, knock-off minimalism, it feels cheap rather than stylish, boring instead of sleek.

We have also moved far away from the round shapes and attention to detail we find in nature. It is no wonder that people leave the city on weekends to reconnect with nature, where the calming effect of green soothes the human nervous system.

We have drifted far from nature. Traditional building materials like clay and wood, along with warm color schemes on both the interiors and exteriors of buildings, as well as the inclusion of gardens and dedicated spaces for the community, children, family life, and work, have largely been relegated to the background.

Coupled with rising costs driven by inflation, the deterioration of housing quality has become a hallmark of modernism.

The pendulum of fashion always swings one way, then another, and each generation reacts to what came before. So what is the future of architecture and design?

In much the same way that the Bauhaus movement standardized design, Bitcoin allows us to go back to a more individual design. Bitcoin’s fixed supply naturally encourages a low time‑preference mindset, with the potential to revive the intergenerational outlook vital for thoughtful design, architecture & urban development.

Under a Bitcoin standard, developers and residents alike would be motivated to invest in high‑quality, durable infrastructure and public spaces that benefit not just today’s generation, but those to come.

As Bitcoin continues to mature and integrate into our financial fabric, it may well catalyze a design and architecture revolution. Where the principles of tradition, modern architecture and sound money converge to create more affordable quality housing.

This was my first time speaking to a real estate crowd. 1,000+ real estate investors learning about Bitcoin.

I was absolutely amazed at how openly Bitcoin and its benefits for real estate development and management were embraced.

A testimonial to the work of

and Nick Karadza at Rock Star Real Estate. Thank you for the invitation and the warm welcome.

The crowd was open for pure Bitcoin education, including demos of

and Bull Bitcoin! Clearly, the tide is shifting. ✨🛸

I finally published “The Strategy Playbook: Lessons for Real Estate Entrepreneurs”.

Although much has been written on this topic, I felt it was important to explore the strategy in greater detail.

As a real estate entrepreneur, I find this case particularly interesting because it serves as a blueprint for how real estate businesses can leverage their balance sheets to accumulate bitcoin in a similar way. The insights I gained will be integrated as a chapter in my book ‘Digital Real Estate’, and I welcome any feedback.

https://leonwankum.substack.com/p/the-strategy-playbook-lessons

Keynesians are evil people. The world will eventually learn what a crime against humanity the disregard for monetary sovereignty was.

What Bitcoin has to offer to humanity is unprecedented: instead of society collapsing under inflation, bitcoin will be monetized through monetary debasement, serving as a cushion to elevate humanity to a new level of economic and social consciousness.

I'm finalizing my upcoming newsletter, “The Strategy Playbook: Lessons for Real Estate Entrepreneurs.” It's taking some time as I continuously gain deeper insights along the way. This week, I'm putting the final touches on it, and it's set for release next week!

https://leonwankum.substack.com/

Thank you for the help

🤝

https://bitcoin.fits.money/now-live-digitalrealestate-org/

You can play w/ our Bitcoin & Real Estate Portfolio Estimator!

It’s designed to help you understand how incorporating Bitcoin into real estate financing can significantly enhance investment performance.

The inclusion of Bitcoin as collateral in property financing can create a more resilient financial system. Real estate, the most widely used collateral, is inflated by monetary expansion. As the bubble may eventually burst, Bitcoin could act as a stabilizer, preventing crises and enabling a smoother transition to a new system.

We’ve completed the first draft of our Bitcoin & real estate portfolio value estimator! 🏠🚀

This tool shows how Bitcoin can enhance your real estate portfolio performance! Try the model ⤵️ https://www.digitalrealestate.org

We are still optimizing for mobile & open for feedback. Send it around to family & friends and help us battle-test it! + Let us know your thoughts below!

Thanks to

for building the model with us. 🤝

S/o to

&

for helping to compile all the data.

We will continue to work on the model and look forward to your feedback!

Attaque!

Open communication has always been central to fostering innovation, but it is threatened in the modern digital age.

You can find my thoughts on the significance of Nostr and censorship-resistant communication for innovation and human progress in BM. 💜

https://bitcoinmagazine.com/culture/nostr-the-importance-of-censorship-resistant-communication-for-innovation-and-human-progress-

Houses should fall to their cost of production + a premium for location & maintenance.

Stack BTC. Starve the beast.

It's that simple.

The big shift is happening.

Vibes.

With the help of Sovereign we’re building a model to help you understand and estimate the positive impact of adding bitcoin to real estate development financing!

We will share the model early next month for feedback 🫡

Seeing things as they are and how they could be is a skill possessed by few.

80 years ago, the land Real Madrid's stadium is built on was purchased for just €0.40/m². Today, the average price per square meter of apartments for sale in central Madrid is over €5,000.

Bitcoin offers the same opportunity now, mirroring the wealth creation real estate brought over the last century.

When I was in an existential crisis in 2015, writing my master’s thesis about Bitcoin, Ross Ulbricht was already in prison. A few years earlier, his actions introduced me to the world of Bitcoin.

There I was, realizing the immense potential of Bitcoin, but also becoming painfully aware of the dangers posed by those who seek to suppress free thinkers in order to protect what Bitcoin threatens. Ross was made an example to silence all of us.

That he is free today, and that the community is stronger than ever, fills me with pride and optimism.

The entrenched power structures can put obstacles in Bitcoin’s way, but they cannot stop it. Wishing Ross all the best as he embraces his freedom. Onwards. 🫡

My thoughts on Bitcoin and AI. This article is a condensed version of my free monthly newsletter, where I also share what I’m reading, where I’m speaking, podcast appearances etc. Starting now, I’ll also be sharing the main article here on Nostr!

The adoption of Bitcoin alongside AI ensures that humanity can truly thrive in an era of unprecedented technological progress!

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