Very interesting article, which I think is spot on. As someone who lives in Australia and is part of a lot of Australian based crpyto forums, many of the people coming into the crpyto space are doing so with the hopes of using gains to enter the property market, or to pay down absolutely ridiculous mortgages. It is a huge problem here at the moment, with the average home in Sydney valued at around $1m AUD. It is not uncommon for young families to have debts far in excess of $1m on homes which could devalue sharply over the coming years, and with a declining economy which could see lots of job losses in the future. Whilst everyone is talking about crpyto bubble, I think most people can see that we are in an everything bubble.