My point on crypto is that it only has value because people believe it has value and it continues to spin around purely based on that with an extensive track record of various scams. My analysis is based very little on standard media sources and is instead driven by my own analysis of years of patterns, an inability to provide compelling proof of an actual product, and various more in depth academic looks at the product including the grad student who first cracked who to track the originally billed as untrackable world of crypto which led to the first big wave of busts. The pattern since then has just been a continual moving of goalposts about what the product will accomplish, like the infamous it's the new gold argument, except that instead of performing opposite from the market it seems to go up everytime the market in general rises.
I didn't go back and track down the long form older article I had read that did a good job laying out the issues, but it was basically pointing out that responding to inflation driven by the run-up in housing prices by raising interest rates only keeps making the problem worse in the long run because it hits builders first and continues to drive supply lower than demand so I'm not remotely viewing this as applicable only to the moment it is a long run issue. In the abstract as long as the economy keeps being managed in this crude interest rate way it's pretty rational to be heavily invested in real estate because the payoff is going to be too good. Regardless of whether it's a private entity or public pensions I don't think large scale corporate ownership of property is good. I prefer to broaden the thought process on how to manage the economy because it is a disturbing cliche to point out that the Fed is a hammer and so all problems must be nails with the present way most people talk about the issue.