The Last Trade E046: Bitcoin Fixes Real Estate with Leon Wankum

Leon Wankum joins The Last Trade to make the case that Bitcoin fixes real estate by acting as pristine collateral in a monetary system long distorted by fiat inflation. Leon traces how real estate became the world's dominant store of value not because of its inherent properties, but because the Nixon shock forced capital into scarce physical assets. He walks through his vision for Bitcoin-backed real estate financing, where Bitcoin serves as additional collateral in lending structures that protect both lenders and borrowers from counterparty risk. The conversation covers the practical mechanics of integrating Bitcoin into property deals, the concept of Bitcoin urbanism, and why multi-institution custody from firms like OnRamp is the infrastructure layer needed to make this model work at scale.