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Perfect proxy for Bitcoin adoption. Housing is a roughly neutral, inflation free asset (because practically no new housing gets made), so it is a very neutral sort of form of money. Housing prices in Bitcoin then indicate how much of bitcoin's appreciation is due to adoption and how much is due to fiat inflation.
Discussion
Of course, it won't be for long, as it gets demonetized and people start building more and better housing. But for now houses are like inflation-free money.