All assets follow the "demand pricing". If demand declines (regulation, substitutes, technology failure), prices will still be cut in half or even cut at the knee.
Self-fulfilling prophecy: For those born in the 70s and 80s, housing prices have been rising since they were born, and this has been a part of their life experience. Therefore, after 2019, many people will take over the last baton without hesitation. For those born in the 00s and 10s, BTC is an asset that has been rising since they can remember.