this is massive! Fannie Mae just opened the door to Bitcoin backed mortgages

The other day we posted about how our current monetary system prices out many from home ownership, and how bitcoin is part of the solution and that is becoming more true every day.

Starting today, homebuyers can pledge Bitcoin as downpayment collateral through a new Coinbase + Better Home & Finance program backed by Fannie Mae, which underwrites roughly half of all U.S. mortgages.

Here are the key elements:

–Homebuyers don't sell their bitcoin so there's no taxable event

–No margin calls, so if Bitcoin drops 30%, the mortgage terms don't change