Accompanying a friend to look at houses, the price is 66 million. I honestly said it might drop to 30 million in three years, but he still insists on buying. This made me think of an investment principle: real estate itself does not appreciate in value; the key is to view it with an investment perspective.

If you really compare, a house and stocks like NVDA, BNB, BTC placed together have completely different return curves. The real estate cycle is long, liquidity is poor, and various taxes and fees must be paid, so the opportunity cost is actually quite high. Although crypto assets are volatile, they have obvious advantages in growth potential and liquidity.

Conversely, rather than being tangled up in real estate, it’s better to diversify within a broader asset pool—traditional finance, tech stocks, crypto assets—this is the true approach to asset protection and appreciation. While houses have residential attributes, from a pure investment perspective, it’s really a matter of doing the math.