Bitcoin Could Soon Be More Valuable Than A Home In The US

Binance founder Changpeng Zhao (CZ) has made a bold statement, suggesting that owning 0.1 Bitcoin (BTC) could soon be more valuable than owning a home in the U.S. This prediction comes in the wake of a significant announcement from U.S. housing officials, who are exploring the possibility of allowing Bitcoin to be used as a financial reserve for mortgage approvals.

CZ's comments follow a revelation by William J. Pulte, Director at the U.S. Federal Housing Finance Agency (FHFA), who indicated that housing giants Fannie Mae and Freddie Mac have been tasked with preparing proposals to integrate crypto into mortgage qualifications. The goal is to permit borrowers to use their Bitcoin holdings as proof of financial reserves, a move that has traditionally been limited to fiat-based assets.

This potential shift in mortgage qualification criteria could redefine how Americans access homeownership, particularly for those who hold significant amounts of crypto. However, there are stipulations: crypto holdings must be verifiable, stored on U.S.-regulated exchanges, and subject to risk-based discounts due to volatility. The FHFA views this as a step towards modernizing borrower assessments and integrating crypto into mainstream financial tools.

CZ welcomed the development, describing it as a “great step” and asserting that the new American Dream might soon revolve around owning 0.1 BTC rather than just property. This statement has sparked a lively debate, with supporters praising the institutional acceptance of Bitcoin and skeptics cautioning about the unpredictable nature of crypto prices.

One crypto user pointed out that under previous FHFA leadership, Fannie Mae covered mortgage payments even when homeowners defaulted, and this policy was not questioned. The analyst suggests that Pulte's current move is an attempt to sustain housing transactions using available tools, especially as financial burdens are expected to surface between August and October.

This move could mark a significant moment for the crypto industry in the U.S., demonstrating growing trust in digital assets and paving the way for other government agencies to accept crypto in various financial sectors. If approved, Bitcoin could play a crucial role in how people buy homes, potentially altering the landscape of homeownership in the country.