In theory, you could do so now if you were in a bind with taxes and wanted to create a capital loss to detect from your taxes. I'm not sure how well that would work in practice though, since you don't see people selling houses for a fiat dollar anymore.
I would not trade in my house for just 1 bitcoin because that is asking for trouble I do not believe that 1 bitcoin is going to be worth as much as a house.
That is crazy and I am sure that I would never do it not even for 2 bitcoin.
It depnds on the timing. At the moment, I can trade my house for 10,000 bitcoins, but in the future, 10 will be fine.
someone have bought 1 box pizza for 10,000 bitcoin before ,
and now you can buy more than 100 pizza with 1 bitcoin only ,
this could be a similar case when bitcoin price rocketed up to $100,000 per 1 bitcoin ,
then you can buy a small house for 1 bitcoin only , it is not something impossible , it is really possible.