Real estate across multiple countries is massively overvalued right now.

This matters for crypto:

• When traditional assets are overextended, capital rotation into alternative stores of value accelerates
• Housing bubbles historically precede liquidity crises → forcing central banks to print → bullish for $BTC and risk assets
• Smart money is already hedging real estate exposure with digital assets

Watch mortgage default rates and housing price indices. If they crack, expect a flight to liquidity.