@humafinance The inventory of new housing for single-family households is approaching a supply level sufficient for 10 months. According to Altrichter, this "only occurs in or just before economic downturns." He believes that the weakness in the real estate market is not only due to high interest rates, but more importantly, a phenomenon he calls "demand vaporization."
If the historical pattern — the relationship between housing oversupply and overall economic decline — continues to repeat itself, the impact could negatively affect high-risk assets, including Bitcoin. Although in the long term, cryptocurrencies may benefit, in the short term, the typical response from investors is to avoid risk, shifting towards holding cash and short-term bonds.