People who own crypto currency may have a good chance at securing Mortgages as cryptocurrency is about to be considered an asset increasing eligibility for it. I first came across this on X, but have had to do my research to verify the information before sharing here on the forum.
crypto is an asset and so, there is every possibility that it can be considered for mortgages most especially when you holds enough of it. i think the first consideration is going to be that you have to own a certain worth of a crypto and not just a crypto but one like bitcoin whose worth is reasonable to a large extent. volatility can be another factor that can lead to liquidation risk both for the parties involved which is one major risk that is associated with the use of crypto.
Of course crypto is an asset but they did not specify this specific cryptocurrencies they would be preferring as most considering for now, maybe in the long run they will come up with a clear cut policy as to which cryptocurrency you will need to hold to be recognized as mortgage. The volatility will bring us to the point of knowing if it is Bitcoin that will be most considered, because it has lower risk and volatility, but my major concerned with this policy is the fact that you will have to hold your crypto in a centralized exchange which we all know that is prone to hack, maybe because the government wants a centralized exchange so that they can easily monitor the activities of those that would be interesting in the initiative.