My thoughts on this are pretty simple.

Real estate is great collateral for a loan. In other words, it's pretty easy to go to a bank and borrow $500,000 dollars against a house. The same is not really true for Bitcoin or many other assets.

So while I agree real estate doesn't have the potential upside of Bitcoin it can't be understated how beneficial it can be to have long term low risk leverage. If you manage your finances right you can use this to acquire more Bitcoin.

That said, it's not a no brainer. In the current high interest rate environment it might not be the right move to buy real estate right away. But over the long term it tends to work out because rent goes up with inflation and home loan repayments don't.