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0.1 BTC is the future American dream, says CZ of Binance
The Federal Housing Agency of the U.S. is considering recognizing cryptocurrencies like Bitcoin as an asset for single-family mortgage loans, a move that has generated excitement throughout the crypto space, including an optimistic view from former Binance CEO, Changpeng Zhao (CZ).
In a recent post, CZ praised the proposal as a significant victory for cryptocurrency adoption, highlighting that integrating Bitcoin into the real estate market unlocks new and powerful use cases. According to CZ, this development could significantly increase the demand for Bitcoin, restricting the supply and potentially driving prices dramatically.
Is 0.1 BTC worth a house in the U.S.?
CZ speculates that this growing demand could make even 0.1 BTC more valuable than an average house in the United States in the future, especially as inflation and interest rates weigh heavily on the U.S. real estate sector.
While some social media users dismissed his comments as exaggerated, others echoed his sentiment, suggesting that the future price of Bitcoin could redefine the American dream: from owning a house to owning at least 0.1 BTC.
With the crypto community watching closely, the possibility of using cryptocurrencies as collateral for mortgage loans could mark a significant shift, allowing Americans to secure properties while keeping their cryptocurrency portfolios intact.