I also think that another reason millenials do not choose real estate is because, they dont have enough money for the deposit and incomes arent enough to get a high value property. The case is even more true in London where average household income is 35k pa and average home price 550k plus. May be for a few people preference of bitcoin isnt a choice.

I have taken debt to invest in crypto but i see it at leverage at a cheap cost. And i have only taken enough leverage that is sustainable for me. A level of debt that i can pay off. However i have heard cases where people invested part of their mortgage debt, sold off assets to invest in crypto for a quick and big profit. That kind of short term thinking may have burnt them during this crash.