Well this is where the capital allocator must be careful...

Firstly, it's all about position sizing in my view. Eg you take 20% of your BTC stack, re-allocate into a leveraged real estate play, and commit to carry the debt. Sure, your 20% could reduce by 35%, but the key is you would still have 80% of BTC to potentially price action to the upside. It would be about allocating into something you need, whilst not losing the amazing capital growth position that you've built youself. If you really went for it, you could use some kind of BTC collateral tool instead of selling, but I think I prefer the cleaner approach of simply selling

Plenty of thought still required

Note - I would be buying real estate in Australia, I think the chances of a 30% drawdown here are sub 5%