One thing that's not really covered here is that you have to live somewhere. Either we buy or we rent, but it does cost us something. Investing in real estate potentially brings down your living costs whereas investing instead in BTC can't ever reduce your living expenses. I think the key to investing truly is diversifying, which is essentially decentralizing the risk over many asset types... so hopefully people aren't choosing Bitcoin over Real Estate but eventually invest in many different types of things.
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