Cathie Wood predicts surge in demand for new homes, supports use of cryptocurrency

From Yahoo Finance: 2025-06-29 14:21:00

Cathie Wood predicts a surge in demand for new homes that could trigger a wealth shift. The Federal Housing Finance Agency director has ordered Fannie Mae and Freddie Mac to consider cryptocurrency as an asset for mortgage requests, a move praised by industry leaders like ARK Invest CEO Cathie Wood.

However, the directive’s focus on crypto assets held only on U.S.-regulated, centralized exchanges has divided the crypto community. Some argue this goes against the decentralized nature of crypto. Wood responded by suggesting that those with significant Bitcoin holdings might shift them to exchanges like Coinbase for mortgage collateral.

Coinbase, the largest U.S. crypto exchange, has seen significant growth since going public in 2021. Its stock joined the S&P 500 in May and reached an all-time high in June. Pro-XRP lawyer John Deaton also sees the FHFA directive as positive news for Coinbase, likening the company to traditional financial institutions.

Wood’s investment firm, ARK Invest, holds over $1 billion in Coinbase shares, highlighting the company’s strong position in the crypto market. The COIN stock closed at $353.43 on June 27, solidifying its status as a key player in the industry.

Read more: Cathie Wood predicts ‘once unattainable new home’ demand will spark wealth shift