After the bubble burst of 2007, property prices seem to have followed the long run movement of the inverse dependency ratio, although it would be premature to draw any conclusions from this at the moment. How about the European experience? Figure 2.3 shows the situation in Ireland.
For example, transactions involving bitcoins are lengthy procedures, and the number of operations that can be completed over a specific period of time is comparatively very limited. 6. For example, producing and trading bitcoin alone wastes huge amounts of energy: the equivalent of the entire annual electricity consumption of a country that has millions of inhabitants, like Belgium. See Cambridge Bitcoin Electricity Consumption Index.