Can you imagine that 0.1 BTC could one day be worth more than a house?
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Introduction
The term for buying a house in the US is known as the “American Dream”. With the news that home loans taken in the US are evaluating Bitcoin-backed mortgages, this dream seems to be changing. The idea of the “American Dream” as it is known among the public may need an update with a Bitcoin.
The Value of 0.1 BTC
Owning a house in the US is a big dream. A new perspective on this dream came from Binance’s former SEO, CZ. CZ said in his comment; “0.1 BTC could one day be worth more than a house.” Home ownership in the US has long been considered an indicator of financial success.
Changpeng Zhao (CZ) is the founder and former CEO of the Binance cryptocurrency exchange. With his comment above, he suggested that just 0.1 BTC, currently worth $10,679, could be worth more than a house in the US in the future. CZ shared in a post, "The current American Dream is to own a house. The future American Dream will be to own 0.1 BTC, which will be more than the value of a house in the US.".
Bitcoin is Now a Mortgage Asset in the US
Bitcoin is now counted as an asset when applying for a mortgage in the US. Recently, US housing policy official and crypto advocate William J. Pulte announced that he included cryptocurrency as an asset for mortgage applications. Pulte is the director of the US Federal Housing Finance Agency (FHFA), which oversees major institutions such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
This decision marks a radical change in US financial policy. The leading cryptocurrency Bitcoin is gaining popularity among high-net-worth investors with this decision. This decision legitimizes Bitcoin (BTC) as a financial asset in federal housing policy. Strategy board chairman Michael Saylor also sees this move as Bitcoin's entry into the American Dream. Saylor sees Bitcoin as a long-term store of value and Strategy is constantly purchasing Bitcoin.
Rise
The comments on this subject do not end with just CZ and Saylor. Park, a portfolio manager at Bitwise, says; "Owning 1 full BTC is replacing suburban home ownership as a symbol of financial independence for millennials and Gen Z."
It seems that the idea of "Buy Bitcoin" instead of "Buy Land" has been adopted among millennials and Gen Z. Bitcoin is going beyond being just an asset and is increasingly becoming a lifestyle milestone. The "American Dream" is now going to be measured in satoshis.
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