Bitcoin

[WoodDuck]

Gov backed Fannie Mae to accept btc and ucdc as down payment for homes.

No margin calls. Mortgage terms hold even if btc loses value.

I need to do more research, but this may be a way to avoid tax from gains. At least that’s how I’m reading it.


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For those interested, the key here is that BTC will be accepted as collateral for a down payment. In other words, you don’t have to sell BTC to buy a house, and you get your BTC back when the loan is payed off. You don’t pay taxes on capital gains and you also benefit from asset appreciation (hopefully).

 

[ElkFantastic]

Bitcoin is here to stay. I am going to continue buying bitcoin especially while it is still on sale.

 

[MountainTracker]

For those interested, the key here is that BTC will be accepted as collateral for a down payment. In other words, you don’t have to sell BTC to buy a house, and you get your BTC back when the loan is payed off. You don’t pay taxes on capital gains and you also benefit from asset appreciation (hopefully).

Yep, I know a guy considering this option. Don’t see this offered to gold.?


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[ozyclint]

For those interested, the key here is that BTC will be accepted as collateral for a down payment. In other words, you don’t have to sell BTC to buy a house, and you get your BTC back when the loan is payed off. You don’t pay taxes on capital gains and you also benefit from asset appreciation (hopefully).

Sounds too good to be true.

 

[MountainTracker]

Sounds too good to be true.

Fannie Mae accepts first crypto-backed mortgage product

Better Home and Finance is partnering with Coinbase on a crypto-backed mortgage that conforms to Fannie Mae guidelines.

www.cnbc.com

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[WoodDuck]

Sounds too good to be true.

There’s a reason Saylor keeps referring to BTC as pristine collateral. It is easily transferable, and if you default on a loan the bank is left with an extremely portable, extremely liquid asset.