I was talking to my friend who is a very successful mortgage broker in Miami. Has her own company and made it through the market crises just fine with her business still in tact. Let's say you make a good amount of money trading coins, mining, and doing all the typical crypto stuff. How will you be able to show proof of income to a bank in order to get loans for a house?
Is crypto trading a legit form of income as of yet? I believe it is, yet I feel many main stream people still don't understand. I would like some help on how I would be able to explain this to someone in better term.
I am a beginner when it comes to BTC so please go easy on me if this seems like a dumb question.
For the time being, it's not really advisable to utter the word bitcoin within a 5 mile radius of your bank. Some of them have been known to be hostile towards anything related to Bitcoin and cryptocurrency in general. In some extreme cases they have even closed the accounts of anyone suspected of using Bitcoin. It's also very rare for banks to approve loans to startup companies dealing with Bitcoin. I'm not sure if it's simply because they don't understand it well enough yet, or that they're just tied down with bureaucracy and red tape, or because they do understand it and don't like what they see.