Bitcoin is now an asset that can be borrowed against for mortgages ⚡️
Discussion
*Bitcoin in custody
Looks like fartcoin can be considered as well. They should have said Bitcoin only.
That’s not what this is.
This sets the stage to allow bitcoin to qualify for asset verification during mortgage underwriting without having to sell the bitcoin (and incur taxes). The asset backing the mortgage is still the house and only the house. Even the asset eligibility change is still probably 6+ months away.
Was always going to happen, gotta keep the housing ponzi going