The founder announced that 0.1 Bitcoin is the new American dream, as leaders in the U.S. housing sector move towards recognizing it as valid reserve capital in mortgage applications.

Do you prefer cryptocurrencies over real estate? The founder of Binance sees 0.1 Bitcoin as the future of wealth.

The potential recognition in U.S. mortgage applications represents a pivotal redefinition of accepted assets, indicating a departure from the established norms exclusively tied to paper wealth. On June 26, Changpeng Zhao, the co-founder and former CEO of Binance, responded to a leading directive from U.S. housing authorities that may allow the use of cryptocurrencies as reserve capital for mortgages.

His comments on the social media platform were in response to a post by William J. Bolte, the director of the Federal Housing Finance Agency (FHFA), who revealed that Fannie Mae and Freddie Mac had been instructed to prepare for the integration of cryptocurrencies. Zhao stated:

It's great to see Bitcoin counted as mortgage assets! The current American dream is to own a home. The future American dream will be to own 0.1 Bitcoin, which exceeds the value of a home in the United States.

Bolte described this move as part of a broader campaign to make the United States "the cryptocurrency capital of the world".