Bitcoin House Price Index — House Prices in Bitcoin

Latest UK HPI — — — BTC Monthly open — — 10yr CPIH —

‹ All property types
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All property types

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United Kingdom · All property types

Historical

Projected

Normal range*

Fetching Land Registry data…

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Projection table

January	Property price				1 BTC
January	₿	vs latest	£	vs latest	1 BTC

Model Assumptions

Historical property price (BTC)

UK Land Registry HPI price divided by the BTC/GBP monthly open price from Yahoo Finance.

Projected property price (GBP)

Latest Land Registry HPI price compounded forward at the average annual growth rate over the last 10 years. This extends the observed long-term trend for the selected region and property type.

Projected Bitcoin price — GBP Native Power Law

Projected Bitcoin price uses a power law model fitted directly to over 15 years of daily BTC/GBP data (Jul 2010 – Mar 2026, R² = 0.965). Santostasi & Perrenod (2026) show the power law's slope is not a free parameter — it follows from Bitcoin's network adoption rate and Metcalfe's law. DOI 10.5281/zenodo.19387099

Projected property price (BTC)

The projected GBP price divided by the projected Bitcoin price. If Bitcoin appreciates faster than the property, the BTC cost of the home falls even as the Land Registry HPI rises.

Normal range*

The corridor on the chart shows the typical range for the property's Bitcoin price. Based on Bitcoin's historical deviation from the power law trend, it spans roughly ×2 above and ×0.5 below the median 68% of the time (Santostasi & Perrenod, 2026).

Regional comparison in Bitcoin and pounds, across epochs

Comparison rows show change since the same calendar month four and eight years prior to the latest HPI release. Sources: HM Land Registry UK HPI · Yahoo Finance BTC/GBP monthly open.

About Bitcoin House Price Index

Why measure property in Bitcoin?

Because the measuring tool matters.

For generations, UK property has been the cornerstone of personal wealth. Buy a home, watch it rise, build security for your family. It is the foundation of the prosperity narrative — not just for individuals, but for entire communities whose wealth is tied up in bricks and mortar.

But what does "risen" mean if the unit you're measuring in is itself shrinking? The Bank of England targets 2% inflation per year — meaning a pound today is designed to be worth less tomorrow. Broad money supply has expanded significantly over the same period. The pound is not a fixed unit. It is a managed one.

Nassim Nicholas Taleb describes this problem as Wittgenstein's Ruler: if you don't trust the ruler, you can't trust the measurement. When the measuring tool is suspect, the result tells you more about the tool than about the thing you're measuring. A house price quoted in pounds tells you as much about monetary policy as it does about property.

Bitcoin offers a different ruler. There will only ever be 21 million Bitcoin. That number is not a policy decision — it is written into the protocol and cannot be changed by any government, central bank or corporation. The supply of pounds can expand. The supply of Bitcoin cannot.

Measured in a finite unit, the picture looks different. Many who did everything right — bought property, held it, watched the number go up — have seen their real purchasing power stagnate or fall. The wealth illusion is not a failure of individuals. It is a consequence of the unit of measurement.

This dashboard doesn't argue that Bitcoin is a good investment, or that property is a bad one. It asks a simpler question: when you measure property in a finite unit rather than an expanding one, what has actually happened to UK property wealth?

The answer is the index.

Data sources House prices are sourced from the UK House Price Index (HM Land Registry, OGL v3), updated monthly. BTC/GBP monthly open prices are sourced from Yahoo Finance. Inflation data (CPIH) is sourced from the ONS.

The power law model The projection chart uses a GBP-native power law model fitted to over 15 years of daily BTC/GBP data (July 2010 – March 2026, R² = 0.965). The shaded band shows ±1σ (σ = 0.302 dex) around the power law median, as derived by Santostasi & Perrenod (2026). This encompasses ~68% of historical price observations — equivalent to roughly ×2.00 above and ×0.50 below the trend line.

Not financial advice This is data and analysis, not a recommendation to buy, sell, or hold any asset. Past performance does not predict future results.