Andrew Kang: Continued high interest rates will trigger a seismic shift in value from real estate to cryptocurrencies

Andrew Kang, co-founder and partner of cryptocurrency venture capital firm Mechanism Capital, wrote that continued high interest rates will cause a seismic shift in value from real estate to cryptocurrency. When you consider that high interest rates will cause trouble in terms of expenditure (interest), price, and relative yield compared to other assets, the math behind real estate investment is insane, and real estate investors will receive triple compound returns. It is difficult to understand the amount of wealth in real estate, but it is indeed huge. Looking at the wealthiest people/families/businesses in the world, most of their wealth comes from real estate, as it has always been considered a good place to store value. The total value of real estate in Miami alone (not even one of the top five cities in the United States) is as high as $15 trillion, which is roughly equivalent to the market value of BTC. The total value of all real estate in the world is $280 trillion. As trends continue to change, new funds entering real estate will increasingly be allocated to cryptocurrency, and you may even see more funds flowing directly from real estate to cryptocurrency. A new elite class will emerge, betting on the magical internet coin.