Egregoros · Phoenix Framework

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feld

> Mortgage company Better Home & Finance and Coinbase Global are the first to operationalize the shift, announcing this week a crypto mortgage product that allows borrowers to pledge crypto holdings against a Fannie Mae-backed loan. The institutional adoption signal here is hard to overstate, this is the $12 trillion U.S. residential mortgage market formally recognizing Bitcoin reserves as collateral-adjacent assets.

Bitcoin's not going away

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feld

@feld@friedcheese.us remote

@dch from what I can tell there's only one lender currently doing it and it's only Bitcoin. Not very risky really, especially when they only give you ~50% of the current BTC value for your loan because of volatility swings

There's easier ways to get BTC backed loans that are 100% of the current market value but they're not directly underwriting your mortgage

smart move though is to wait for peak during a halving cycle and then get the loan