I agree with the current condition that you're pointing out. But, bitcoin allows owning both. The opt-out isn't avoiding owning a home and land. The opt-out is owning the sizeable amount of bitcoin alongside it. If everyone starts to do this, the real estate market will revert to its fundamentals; which are the desire for a secure place for your family tied to the cost of the sticks and shingles.

Now, admittedly Bitcoin won't get rid of all rentals, but it will get rid of the landlords that weren't in it to run a service business and were just trying to preserve their prosperity. They never wanted rentals to begin with. This is the sucking sound that will grow louder as bitcoin draws equity from real estate markets.

It won't necessarily crash the RE market. It will likely just slow it's growth and let prices settle into a real value, uninflated by desperate devaluation avoidance. Some markets will settle into price slips, even sizeable ones, depending on how inflated they are currently. But many markets will just stop inflating as quickly, like in the midwest.

Another interesting consideration, when I guide real estate portfolios or funds to refactor their holdings like I've been talking about, their best exit is to a family that can own and live in the home. This is so much better than selling it to another investor. This will bring down considerably the homeowners to renters ratios in communities across the country. This will take a decade or more to reach scale. But it's starting now. And investors are awakening to it.