The U.S. Federal Director of Housing has ordered for the preparation for institutions like, Fannie Mae and Freddie Mac, to include Bitcoin as an asset that could be used to start a mortgage.
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That strengthens the community's HODL Strategy. It's not merely going to be for capital gains anymore. If you live in the U.S., you don't need to sell your Bitcoin to buy a house. You can actually USE IT.
True, I actually saw that news too and it is really a big and lit move.. Fannie Mae and Freddie Mac being told to start accepting
Bitcoin as something people can use to buy a mortgage? That is actually a big step, TBH..
Like… you don’t even need to sell your Bitcoin anymore to buy a house. No need to convert it, no tax hits, you can just use Bitcoin to acquire properties.
This is way bigger.. It’s actually fully becoming something you can use in real life. Glad we are seeing this level of adoption this soon.
Here is the link of the news:
Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgagesWhen you use your Bitcoin as mortgage to take a lone, you are simply saying that if I'm unable to pay the loan, take my Bitcoin. I'm this type of arrangement, I'm wondering if they employed escrow services since the buyer cannot just send his Bitcoin to the seller. I will like to know how this will work as it seems it will add to the numerous ways Bitcoin can be used to make life better for people
which is what we all love to see happen.
If this trend of Bitcoin gaining more acceptance and both people that never approved of it are having a rethind, I think mainstream adoption of Bitcoin will not be long again