Bitcoin could be the answer for young people struggling to afford a new home
From Nasdaq
July 1, 2025 4:33 am:
Bitcoin could be the answer for young people struggling to afford a new home in America due to skyrocketing housing costs. The U.S. Federal Housing Finance Agency now allows Bitcoin to count as an asset on mortgage applications, potentially making home ownership a reality for many. Previously, applicants had to convert Bitcoin to USD.
With the price of housing out of control, many Americans feel the dream of owning a home is out of reach. A survey found that 86% of renters would like to buy a home but can’t afford one, with 54% saying it’s unlikely they ever will. Bitcoin’s rapid price appreciation offers a potential solution, with prices soaring from $17,000 in 2022 to $107,000 today.
The U.S. government directive instructs Fannie Mae and Freddie Mac to accept Bitcoin as an asset on mortgage applications, aiming to make America the “crypto capital of the world.” The move applies to crypto stored on U.S.-regulated exchanges, benefiting centralized exchanges like Coinbase. The directive excludes Bitcoin held in cold storage or through spot Bitcoin ETFs.
Top investors predict Bitcoin could hit $1 million within five years, offering significant returns for investors. Despite its potential, the Motley Fool Stock Advisor team did not include Bitcoin in their list of top 10 stocks to buy. Historically, their picks have outperformed the S&P 500, highlighting the importance of diversified investment strategies.
Read more at Nasdaq: Could Investing in Bitcoin Help You Buy Your Next House?