The founder of Binance states that 0.1 BTC is the new American dream as U.S. real estate leaders strive to recognize bitcoin as a valid reserve capital in mortgage loan applications.
Cryptocurrencies instead of real estate? The founder of Binance sees 0.1 BTC as the future of wealth.
The potential recognition of Bitcoin in mortgage loan applications in the United States marks a fundamental redefinition of acceptable assets, breaking away from long-standing standards exclusively tied to fiat wealth. Binance co-founder and former CEO Changpeng Zhao (CZ) reacted on June 26 to a groundbreaking directive from U.S. housing authorities that could allow the use of Bitcoin as mortgage reserve capital.
His comments on social media platform X followed a post by William J. Pulte, director of the Federal Housing Finance Agency (FHFA), revealing that Fannie Mae and Freddie Mac had been instructed to prepare for the integration of cryptocurrencies. Zhao stated:
It's great to realize that BTC counts as assets for mortgages! The current American dream is to own a home. The American dream of tomorrow will be to own 0.1 BTC, which is worth more than a home in the United States.
Pulte presented this initiative as part of a broader effort to make the United States 'the global capital of cryptocurrency.'
So dear Binance user, don't forget to hold a share of $BTC in your wallet