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Mechanism Capital's Andrew Kang claims money will move from real estate to BTC

Mechanism Capital's Andrew Kang claims money will move from real estate to BTC

Andrew Kang, co-founder of crypto investment firm Mechanism Capital, told X: "As interest rates remain high, money will move from real estate to crypto. Real estate is becoming unprofitable due to high prices and high interest rates. The global real estate market is worth $280 trillion, and the value of real estate in one Miami neighborhood alone is equal to the market capitalization of BTC. As profitability deteriorates, we will see a shift of funds from real estate to cryptocurrencies.