Bitcoin May Soon Outvalue Homes as U.S. Housing Regulators Embrace Crypto

Former Binance CEO Changpeng “CZ” Zhao has made a bold prediction that owning Bitcoin will soon eclipse homeownership as the new American Dream. This statement comes in the wake of a significant move by U.S. housing regulators to recognize cryptocurrencies in mortgage risk assessments. The Federal Housing Finance Agency (FHFA) Director Bill Pulte issued an order directing both Fannie Mae and Freddie Mac to explore how digital assets can be integrated into the U.S. housing finance system.

Zhao celebrated this development on social media, highlighting the potential for Bitcoin to be considered an asset for mortgage purposes. He stated, “This is great to see, BTC count as assets for mortgage!” Zhao further elaborated, “The current American Dream is to own a home. The future American Dream will be to own 0.1 BTC, which will be more than the value of a house in the US.” This prediction underscores the growing acceptance and potential of cryptocurrencies in the financial landscape.

Pulte’s order, issued on Wednesday, instructs the two government-sponsored enterprises to prepare a proposal that considers “cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments” without the need for conversion to U.S. dollars. If approved, this move would allow prospective homeowners to use cryptocurrencies stored on any U.S.-regulated centralized exchange as part of their mortgage risk assessment, eliminating the need for conversion to USD.

Pulte’s statement emphasized the historic nature of this decision, positioning Fannie Mae and Freddie Mac to involve cryptocurrencies in mortgages. He thanked President Trump for making the U.S. the “crypto capital of the world.” This recognition from a high-ranking official further validates the growing importance of digital assets in the financial sector.

Zhao’s comments come at a time when Bitcoin has been holding steady around $107,000. The cryptocurrency’s stability and increasing acceptance by major financial institutions and regulators suggest a bright future for digital assets. President Trump also praised Bitcoin during a White House press conference, stating that it “takes a lot of pressure off of the dollar” and is “a great thing for our country.” This endorsement from the highest office in the land adds further credibility to the growing role of cryptocurrencies in the global economy.