Mar 26 (edited) • Bitcoin Talking Points
They Said Crypto Had No Real Use. Look What You Can Buy Now!?
For years the biggest knock on crypto was simple:
“You can't do anything real with it bro.”
That argument was never true. But today, it’s even more clear to normal people how wrong that accusation is.
Coinbase and Better just launched crypto-backed mortgages. Backed by Fannie Mae. The same Fannie Mae behind most traditional home loans in America.
Here's how it works:
- You pledge your Bitcoin or USDC as collateral for your down payment
- You keep your crypto without selling it
- No taxable event gets triggered
- You get a standard 30-year mortgage with the same protections as any other home loan
- If Bitcoin drops in price, nothing changes (no margin calls, no extra collateral required, etc...)
- Your crypto is only at risk if you fall 60+ days behind on payments (basically the same as any normal mortgage)
So why does this matter for regular people??
• 41% of American families can't buy a home because they don't have cash for a down payment…even when they have savings in other forms.
• 52 million Americans own crypto. Many of them are sitting on real value but couldn't use it to buy a house. Now that's changed.
• The median age of a first-time homebuyer has jumped to 40. It used to be 32. Young people are getting locked out.
• 45% of younger investors already own crypto, compared to 18% of older generations. This is how a new generation can potentially build wealth. The system is finally catching up to serve more folks.
What this really means:
For years you had two choices. Sell your crypto to buy a home and lose your position. Or hold your crypto and keep renting.
That tradeoff is gone.
You can now hold Bitcoin (the hardest asset on earth) AND own a home.
No selling.
No tax hit.
A real mortgage backed by the same system that backs EVERY other home loan in the country.
Every day that the outdated system works to catch up with technology, people are realizing the truth. Crypto is NOT pretend investing anymore. It can safely help regular Americans that feel left behind get a front door and a set of keys.
What do you think?
Does this make you more or less excited about bitcoin?
What are the potential hidden risks and rewards here?
Should the financial system for home mortgages allow for non-traditional collateral?
2
1 comment
They Said Crypto Had No Real Use. Look What You Can Buy Now!?
powered by
skool.com/the-school-of-bits-4553
Everything you need to learn about bitcoin, crypto and investing fundamentals with lessons you'll remember forever.
Suggested communities
Powered by