According to The Kobeissi Letter, luxury housing in the US has reached record-high prices, with just 7 out of the top 50 metropolitan areas now offering luxury homes below $1 million—the lowest count ever recorded. This marks a significant drop from 2020, when 30 metros offered sub-$1 million luxury homes (source: The Kobeissi Letter, June 19, 2025). The surge in luxury real estate prices is pushing investors to seek alternative assets, including cryptocurrencies like BTC and ETH, as a hedge against rising property costs and inflation. This trend could increase capital flow into the crypto market, impacting trading volumes and volatility.