Shocking New Mortgage Craze: Buy Homes with Bitcoin! 🤯🏡

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Well, well, well! As house prices in Australia soar like a kangaroo on a pogo stick, one cheeky company is tickling the fancy of crypto holders with a delightful little concoction called the Bitcoin-backed mortgage! Just imagine—buying a home without having to sell your shiny digital tokens! 💰

On a rather eventful Wednesday—because every Wednesday deserves a splash of excitement—our daring friends at Block Earner launched the very first Bitcoin-backed home loan in the land Down Under. After playing legal dodgeball with regulators for a good two years (talk about a stubborn game!), they emerged victorious! 🎉 Why? Because the Federal Court decided that Block Earner’s products were as much “financial products” as a slice of chocolate cake is a vegetable. Absolutely brilliant!

With a court ruling that says “Ta-da!” to their fun new mortgage, this crafty company can now lend you a cash loan of up to 50% of your property’s value. And don’t fret; your beloved Bitcoin is kept safe as a little treasure by Fireblocks—like having a dragon guard your gold! 🐉

But here’s the twist—this nifty model introduces an altogether different kind of credit assessment, one that doesn’t just look at your salary (which may as well be a mere crumb in this cookie world) but celebrates your crypto assets too! Isn’t that just a delightful surprise, like finding an extra cookie in the jar? 🍪

Bitcoin-backed loan developments in the land of stars and stripes 🌟

But don’t think Australia is the only one stirring the crypto pudding! No, no! Across the ocean in the land of the free, good ol’ Uncle Sam is also diving into the pool of Bitcoin and crypto-backed mortgages. On June 25, FHFA Director William Pulte threw a cheeky challenge to Fannie Mae and Freddie Mac, instructing them to check whether crypto could be counted as reserve assets for mortgages. A right pickle they’ve gotten themselves into! 🥒

In a letter that probably had more flair than a peacock at a carnival, he pushed for crypto to be included in mortgage risk assessments. You’ve got to admit, that’s one twist you won’t see coming while sipping lemonade on a hot summer’s day!

JUST IN: 🚨 A new bill (H.R.4374) in the U.S. Congress would require lenders to include #crypto holdings in mortgage credit evaluations.
If passed, lenders might just have to recognize those funky funds held on crypto platforms. 👀

— Block Earner (@blockearner) July 17, 2025

On a lovely Monday (the kind of day where anything could happen!), a new bill was introduced in the US House of Representatives. This one seeks to require mortgage agencies to update their watchful guidelines, granting cryptocurrency holdings on regulated exchanges a shiny spot on lenders’ radars! Wowza! 🌈

Housing crises in Oz and the U.S.—what a pickle! 🥒

Both Australia and good ol’ USA are in a bit of a housing kerfuffle, and they’re giving it all they’ve got to spice things up with crypto-backed lending! Australia has become a notorious tale of “How did I get here?” as housing markets shift farther than a sneaky snake on a slippery slope. With prices averaging almost 10 times the typical household income—gasp!—and Sydney homes costing nearly 14 times the median income, it’s like a circus act gone wrong! 🤡

In the US, the situation is quite the ruckus as median home prices soared over $420,000 in 2024–2025, leaving poor households feeling as if they’ve entered the Twilight Zone. In fact, a report from the Annual Homelessness Assessment Report (AHAR) tells us that over 653,000 folks found themselves unhoused for a single night in January 2023—yikes! 🤯

But lo and behold, while the price of homes has risen faster than a speeding bullet, Bitcoin has been on an upward trajectory—up nearly 87% over the past twelve months! Now that’s worth a waltz, wouldn’t you say? 💃🕺

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2025-07-17 23:35