This outstanding article was written by Yaёl Bizouati-Kennedy for Realtor.com.
Donald Trump, the self-proclaimed “crypto president,” has advocated for crypto-friendly policies since his inauguration. He has vowed to make America “the crypto capital of the world,” appointing David Sacks as “crypto czar” and holding the inaugural White House Crypto Summit in March.
Then in June, Federal Housing Finance Agency Director Bill Pulte ordered Fannie Mae and Freddie Mac to prepare proposals for considering cryptocurrency as an asset in single-family mortgage risk assessments.
Meanwhile, bitcoin, the largest cryptocurrency by market capitalization (at $1.9 trillion as of May 1), reached an all-time high of $109,114.88 on Inauguration Day, reflecting the increased enthusiasm and optimism surrounding crypto. The asset is up 66% in the past year and 15% overall as of May 1.
All these factors are helping to make the space more mainstream, and Americans are exploring new ways to utilize digital assets—for instance, to purchase a home.
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