बिटकॉइन घर के लोन में

Washington में सilent coup

25 जून, Bill Pulte—अमेरिका के सबसे बड़े हाउसबिल्डर के पोता—ने Fannie Mae और Freddie Mac से Bitcoin को मोर्गेज मूल्यांकन प्रणाली में प्रवेश करने पर प्रयोग करना प्रस्तावित किया। कुछ समाचार, प्रेसवार्ता? नहीं। सिर्फ FHFA प्रमुख का Twitter पोस्ट।

लेकिन मार्केट हुआ—Bitcoin 2.2% मजबूत, $107,000+ पहुँचा, 66% crypto market cap dominance.

यह hype? Nahi. Signal hai.

Fannie Mae & Freddie Mac Who?

यह bank nahi hai. Yeh GSEs (सरकार-समर्थित enterprises) hai jo USA ka secondary mortgage market ka backbone hai.

70% conventional home loans ko yeh backing dete hain—jaise system itna central hai ki agar woh move karein to sab kuch follow karta hai.

Wall Street + housing policy: wo lenders se mortgages khareedte hain, unhe securities mein pack karte hain aur investors ko bechte hain—liquidity kabhi nahi dry hoti.

Ab? Unse Bitcoin ko collateral ke roop mein consider karne ke liye kaha ja raha hai.

Yeh Kya Hai?

Abhi agar aap Bitcoin se down payment dena chahte hain to aapko usko pehle bechna padta hai—USD mein convert karke bank account mein deposit karke kam se kam 60 din tak wait karna padta hai taaki ‘mature’ funds ho jayein.

Iska matlab: apni coins ko low price par bechna padta hai taaki ghar le saken.

Pulte ke mandate ke saath? Ye badal sakta hai.

FHFA Bitcoin ko directly evaluate karne par vichar kar raha hai—not via fiat conversion but through volatility-specific tools: haircuts, holding periods, custody standards… classic risk management adapted for digital assets.

Stablecoins jaise USDC/USDT? Agar regulators unki reserves aur transparency par bharosa karen to alag treatment milegi.

Private Players Ahead of Curve

Government debate kar raha hai lekin startups real products la rahe hain:

• Milo Credit (2022 me launch): $65M+ crypto-backed loans by early 2025
• Figure Technologies: ex-SoFi CEO Mike Cagney ke saath $20M tak loans secured by digital assets
• Ledn: BTC holdings par up to 50% LTV loan via ‘Savings Account’ The catch? In loans Fannie/Freddie se sell nahi kiye ja sakte — isliye no institutional backing, higher risk and tighter terms due to no systemic liquidity support. The dream? A future where your BTC stash locked nahi — actively working for you via mortgage financing without forced liquidation. The path ahead rocky: regulation innovation se piche; price swings threaten LTV ratios; custody concerns remain beyond Coinbase/Ledger levels… sorry I’ve run stress tests showing even 15% drops could trigger margin calls if not properly hedged—but that’s what risk modeling is for!

My Take: From Speculation to Infrastructure

I’ve been skeptical about crypto entering traditional finance since I started analyzing blockchains in grad school at Harvard. But this feels different—not because I love Bitcoin—but because I respect process-driven change when it comes from institutions with real teeth, Pulte isn’t some random influencer pushing meme coins—he’s deeply embedded in real estate capital markets; his personal portfolio includes $50–100K worth of BTC and Solana, Plus shares in Marathon Digital Holdings, and past investments in high-volatility stocks like GameStop—so he knows how markets behave under pressure, If he believes we’re ready for this shift… maybe we are—even if only incrementally, The dream isn’t about cashing out gains overnight; it’s about unlocking utility—the ability for ownership of digital wealth to serve practical economic functions like buying homes without destruction of value, The transition from “crypto as speculation” toward “crypto as asset class” has begun—not with fanfare but with quiet directive from an unlikely corner of D.C., Stay curious—and keep your wallet cold enough that you don’t panic during volatility cycles.