Michael Saylor, Executive Chairman of Strategy, has proposed his BTC credit model to Trump's Housing Director, Bill Pulte, to support a Bitcoin-backed mortgage lending initiative.
BTC Credit Model
The offer came shortly after Pulte publicly expressed interest in evaluating how digital assets like Bitcoin might be used in mortgage underwriting.
> "We will study the usage of cryptocurrency holdings as it relates to qualifying for mortgages," said the U.S. Director of the Federal Housing Finance Agency (FHFA).
FHFA Considers Crypto as Mortgage Collateral
The FHFA regulates the United States housing finance system and is considering whether crypto can count as assets during mortgage reviews. This could lead to major changes in the country’s housing policy. Currently, digital assets have mostly been excluded from mortgage applications due to their price volatility and lack of valuation standards.
The idea has gained attention across the crypto industry, with many cryptocurrency holders needing to convert their assets to fiat before lenders accept them.
Overall Analysis and Critique of the Proposal
Some critics pointed to the existing Digital Asset Market Clarity Act of 2025 (H.R. 3633), which already classifies crypto as legitimate collateral under federal lending standards. One X user argued that adding more layers of risk assessment would be redundant and potentially halt innovation.
> "The market’s adapting faster than regulators—let’s streamline, not suffocate progress with more studies," said the poster.
The initiative to use Bitcoin in mortgage financing reflects the growing interest and acceptance of cryptocurrencies in the traditional financial sector, though it requires further discussion and analysis.
