People who look forward to just living somewhere nice and not die financially in the process will definitely benefit from Bitcoin taking away part of the store of value premium that real state currently has.

Having said that, in my places the craze of housing cost will be gone when more houses are built. Government regulations in some areas just put so many sticks in the wheels it's impossible to get the amount of housing demanded by the market built. Hence, the price acts as the release valve.

This article is an interesting reflection on this topic: Expensive Housing is Governments fault.