Australia Goes Big: First-Ever Bitcoin-Backed Home Loans Hit the Market

Block Earner's Game-Changing Move

Hold onto your hats, folks! Australia just dropped a bombshell with the launch of the world's first Bitcoin-backed home loan. This isn't just a step—it's a giant leap into merging crypto with the traditional world of real estate financing.

The masterminds behind this revolution? None other than fintech trailblazers Block Earner. They've been locked in a fierce legal battle with the Australian Securities and Investments Commission, fighting tooth and nail to prove they don't need a traditional financial services license to roll out this game-changer. Guess what? They won, and now they're charging full steam ahead with their groundbreaking home loan platform.

Here's the kicker: Aussies can now use their Bitcoin (BTC) as collateral to snag a home loan without having to sell off their precious crypto. It's a total game-changer!

"Forget the old-school affordability metrics. They scream housing crisis. But when you price homes in inflation-busting assets like Bitcoin and gold, the game changes. Long-term holders might just find their buying power has skyrocketed," Block Earner declared.

USA Jumps on the Crypto Mortgage Bandwagon

Not to be outdone, the U.S. is also diving headfirst into the crypto mortgage scene. On June 25, the Federal Housing Finance Agency threw down the gauntlet, ordering mortgage titans Fannie Mae and Freddie Mac to start cooking up ways to include verified crypto assets in their single-family mortgage risk assessments.

President Trump's vision to make America the crypto capital of the world is in full swing. He tweeted, "After significant studying, and in keeping with my vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage. SO ORDERED."

Up until now, crypto had to be turned into cold, hard cash to even be considered for a mortgage. But with this new directive, digital assets chilling on regulated U.S. exchanges can now join the party as part of a borrower's reserve. It's a whole new world for crypto holders looking to own a piece of the American Dream. The catch? Self-custodied assets are still on the sidelines, which might cramp the style of the true crypto natives.

And just when you thought it couldn't get any hotter, on July 14, the U.S. House of Representatives threw another log on the fire with bill H.R.4374. This bad boy is all about forcing mortgage agencies to update their policies to count crypto on regulated exchanges as part of a borrower's financial firepower. If this bill gets the green light, crypto holders can use their digital stash to qualify for mortgages without having to swap it for dollars. Buckle up, it's going to be a wild ride!