🚨Explosive News! Bitcoin-backed Mortgages Launch in Australia, Is the Crypto World About to Change?
Brothers, the crypto world welcomes another milestone! Australia's first Bitcoin-backed home loan has arrived. Block Earner, after battling regulators for two years, has set a precedent through a court ruling - Bitcoin collateral doesn't count as a financial product, no financial license is needed to do it.
Simply put, now you can hold Bitcoin and borrow cash to buy a house without selling your coins. The collateral is held by Fireblocks, and you can borrow up to 50% of the property's value. What does this mean? Bitcoin has transformed from a "speculative coin" into a "financable asset," directly connecting crypto and traditional finance, accelerating the mainstream process!
For us, it's a super positive in the long run - the financial attribute of crypto assets is officially recognized. In the future, more and more collateral and lending possibilities will emerge, and the value support of Bitcoin will become stronger. In the short term, it may stimulate the market, and funds will be more willing to enter.
If this wave of innovation spreads globally, the crypto ecosystem will be directly upgraded! Brothers holding Bitcoin, sit tight. This wave of dividends has just begun, and continue to watch crypto assets rewrite the rules of the financial game~
