China’s housing market is in freefall—20 straight months of price declines, outpacing the 2015 slowdown.

Even top-tier cities, once seen as safe havens, are now posting losses despite government stimulus.

With real estate, the backbone of China’s economy, crumbling, what comes next? A deflationary spiral? More bailouts?

One thing is clear: Hard assets that governments can’t manipulate are becoming the ultimate safe haven.

#Bitcoin doesn’t need a bailout.