The BIGGEST NEWS Since The Bitcoin ETF Launch JUST HAPPENED!! | EP 1524

**Simply Bitcoin** (0:02)
While we've all been obsessed with the short-term price action of Bitcoin, the biggest news story since the launch of the Bitcoin ETF just happened. Bitcoin has quietly moved from just a store of value into real collateral, unlocking the $50 to $55 trillion US housing market. Let's watch this short clip that aired on Fox, and I'll do my best afterwards to break this story down for you.

**SPEAKER_2** (0:30)
Business contributor Katrina Campins recently closed on a Boca Raton home for a buyer using Bitcoin. The price tag, David, $4.2 million. And while vetting the funds was the hardest part, the sale closed in just, get this, 23 days faster than some traditional deals.

**Simply Bitcoin** (0:51)
So you heard it there. The interesting thing about this is obviously who is behind this. It is or rather partnered with Fannie Mae. Everyone knows them. But from a Bitcoiners perspective, it's amazing. You own the house and you still own the Bitcoin. It's almost as if Bitcoin has some utility. It's almost like Bitcoin is being integrated into the traditional financial system as we know it. And yet we're all just watching squiggly lines and doing tea leaf reading on Bitcoin and wondering where the bottom is gonna be. Hey, I do it too. I do it too, okay? So anyways, let's start with this story here. Kind of breaking down exactly what's going on. So Fannie Mae back Bitcoin home. Mortgages are finally here, Coinbase says. So we heard about this story initially coming out. It was, I believe, towards the end of March. But now we have a historic first. First Fannie Mae back or Fannie Mae Bitcoin back mortgage just happened. Someone bought $4.2 million home. Amazing. So we go, a Michigan couple helped make history when they recently closed on the first government guaranteed mortgage secured by Bitcoin. Working with mortgage lender Better, the exchange said it had enabled Joe and Amy to secure a Fannie Mae back home loan by pledging Bitcoin as collateral for their down payment, allowing them to benefit from the government-sponsored enterprise safety net. The offering will give home buyers a way to leverage their crypto holdings without ultimately selling their digital assets or Bitcoin. Tens of millions of Americans have built real wealth in digital assets, and that wealth now has a direct path to home ownership, creating new opportunities for the next generation. When I looked into this, what's interesting is this family is a pretty young family, I think in their late 20s to early 30s. And now we are seeing that Bitcoin is basically just become a legitimate form of wealth. It went under the radar, it's been silent. Everyone's focused on Sailor and the ETFs and the Middle East, and where the bottom is going to be, and the fact the price is 50% off. And now we have just seen Bitcoin is legitimate wealth. It is a legitimate form of collateral. And as everyone knows, wealthy people do not sell their assets. They use those assets as collateral to do all of the things that they want to do in their life while maintaining ownership of said collateral. Well now, Fannie Mae government backed, you know, the $50 trillion US housing market. Fannie Mae, the biggest mortgage credit lender, mortgage securities, about a $13 trillion market. Let me see. I got the notes in here. Let me find the notes. So US mortgage balances have hit $13.19 trillion, representing about 70% of all consumer debt. It's the biggest credit market there is, okay? Anyways, going back, the mortgage system had long viewed crypto as too volatile to count towards a down payment on a conventional mortgage. Yet gears began shifting last year after Bill Poole, director of the Federal Housing Finance Agency, ordered the mortgage watchdog to better align with President Trump's vision for making the US the, quote, crypto capital of the world. The agency stipulated at the time that digital assets held in a self-custodial wallet should not be considered, only those held on centralized exchanges. We've covered this, maybe we're not the biggest fans of that, but now, as we know, with this recent news, the hardest part, I guess, of this was basically verifying their Bitcoin wallet, and that they actually held real Bitcoin. But by posting Bitcoin as collateral for a down payment, Coinbase said crypto owners can avoid incurring capital gains taxes and forfeiting future upside. And unlike the exchanges Bitcoin back lending product revived last year, price swings don't produce liquidations, and price volatility has absolutely no impact. That is probably the biggest aspect of this whole thing, is you get basically a 30-year mortgage, you lock up the Bitcoin, you're never going to get liquidated, you receive the Bitcoin when you pay off the loan.