Something that will push Bitcoin to new highs is coming, Bitcoin Mortgages. Real estate tycoon Trump makes a limited-time return; he aims to inflate the next bubble with 'Bitcoin Mortgages.'
On May 27, Cantor Fitzgerald launched its $2 billion Bitcoin mortgage program for institutional clients, with initial trading partners including crypto companies FalconX Ltd. and Maple Finance. As one of the official underwriters of U.S. government bonds, this century-old Wall Street institution's entry is seen as a highly symbolic breakthrough.
Bitcoin is transitioning from a store of value to a financial instrument that can influence the credit system.
Just a month later, Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), sent out a significant signal. He has requested that Fannie Mae and Freddie Mac, two pillars of U.S. housing finance, study the feasibility of incorporating cryptocurrencies like Bitcoin into mortgage assessment systems. This statement triggered a strong market reaction, with Bitcoin's price rising nearly 2.87% within 24 hours, surpassing $108,000 again.
As posed in a Coinbase advertisement's soul-searching question: 'In 2012, you needed 30,000 Bitcoins to buy a house, but now you only need 5. If house prices have been decreasing in Bitcoin terms, why have they been rising in dollar terms?' What impact will this Bitcoin mortgage have on the dollar system?
