I strongly agree that capital flight is a huge and under-recognized driver of high asset values in the US (particularly equities and real estate). But how do y

I strongly agree that capital flight is a huge and under-recognized driver of high asset values in the US (particularly equities and real estate). But how do you even begin to estimate the rate of this effect, or how much further it might go, or what asset classes it might affect? For example: this was likely a major force in the surge in Bitcoin value almost a year ago, but that asset has since collapsed; will a similar effect take place in other assets?