Recent changes in US mortgage policy allow cryptocurrencies, such as Bitcoin and Ethereum, to serve as collateral for obtaining mortgage loans. This innovation may significantly reshape the landscape of the housing market in the country.
Inclusion of Cryptocurrencies in Mortgage Reserves
Cryptocurrencies like Bitcoin and Ethereum can now be used to back mortgage loans in the US. This policy has been implemented for federal mortgage entities such as Fannie Mae and Freddie Mac, which have been instructed to integrate digital assets held on regulated exchanges in mortgage reserves.
Expert Opinions on the New Approach
Cathie Wood, CEO of Ark Invest, has endorsed this change, arguing that Bitcoin can serve as a form of financial security. She noted that "Bitcoin is an insurance policy against excesses in fiscal and monetary policy."
Impact on the Real Estate Market
The inclusion of Bitcoin and Ethereum in mortgage regulations could profoundly influence housing market dynamics, making it more accessible for cryptocurrency holders. Experts believe this innovation could lead to increased institutional investment in real estate and contribute to market stabilization during economic fluctuations.
The new policy regarding cryptocurrencies in mortgage reserves may have a significant impact on the housing market in the US. With support from leaders like Cathie Wood, this move could be taken as a serious step toward modernizing financial strategies.
