Anyone who understands #Bitcoin recognises how frail Real Estate is.

Months to sell a property, non-fungible so values are magicked up based on “comparable sales in the area”, constant maintenance costs, pretty much the entire market is on leverage versus mostly outright owned Bitcoin, and that thin market doesn’t allow owners to get out - they just bleed and bleed and bleed when everyone bolts for the exit.

When RE bursts, it’s going to take years to recover. After the 1893 Bank Crash in Australia it took 70 years. And most won’t know it til they’re upside down trapped with negative equity in their mortgages all whilst unemployment is shooting up and Govs flail hopelessly trying to do something.

When Bitcoin goes parabolic and overheats it crashes for a year and then goes back up. Traded instantly 24x7, it’s the thickest pool of liquidity on earth already and we can all see what’s happening all the time, able to react.

The wealth effect in RE is illusory; they expected NGU for ever and can’t take a drawdown. Bitcoiners knew it would be volatile but see dips as accumulation opportunities and HODL because everything favours their lower time preference.