a house is not fiat.
housing prices only ever go up. mostly, expect in america the land of bubbles
Or in China. Their housing bubble makes the US housing bubble look like foam.
1) Can't invest in foreign anything
2) Limited domestic investments available
3) Strong encouragement to invest in real estate
4) Massive building
5) One child policy demographic bubble about to burst
6) 80M empty houses (about enough for everyone in the US if the US were all homeless).
So it is no wonder that bitcoin is their salvation. This is just beginning....very few there even know of it.