Binance founder Changpeng Zhao (CZ) once again revealed strong confidence in the future value of Bitcoin (BTC). He stated that "soon, the value of 0.1 Bitcoin could exceed the average house price in the United States," mentioning the possibility of cryptocurrency becoming a new standard of wealth. These remarks came after the Federal Housing Finance Agency (FHFA) announced it is considering recognizing Bitcoin as a financial reserve during mortgage loan assessments.
Fannie Mae and Freddie Mac, the largest housing finance institutions in the United States, are currently preparing proposals for introducing a new system. This system aims to expand home purchase opportunities for cryptocurrency holders by potentially recognizing digital assets like Bitcoin in addition to traditional cash or deposits. However, to be recognized, cryptocurrencies must be stored on regulated exchanges in the United States, and valuation discounts will be applied considering high price volatility.
Changpeng Zhao emphasized that "the new American dream might be owning 0.1 Bitcoin rather than a house," highlighting the increasing integration of cryptocurrency into the mainstream. Currently, 0.1 BTC is worth about 9.7 million won, but if it continues to appreciate long-term, it could potentially exceed the US median house price of approximately $420,000 (about 583.8 million won).
This policy proposal demonstrates that cryptocurrency is moving beyond a mere investment asset to become a *financial asset* with practical real-world applications. Market reactions were mixed. Some welcomed the expanded institutional acceptance, saying "the era of Bitcoin being recognized as a primary collateral asset is not far away," while others expressed concerns that cryptocurrency volatility could destabilize the housing finance market.
According to an anonymous analyst, this change could be more than just financial innovation and might be a government-level strategy to stimulate housing transactions. They suggested that "in the past, the FHFA tolerated situations where homeowners defaulted on loans, and now, as traditional methods lose effectiveness, they are turning their attention to cryptocurrency."
If Bitcoin is adopted as a loan standard asset in the United States, it could have significant ripple effects in the global financial market. While some fintech banks in emerging countries are testing similar systems, this is the first time such a change is being pursued in a major economic power like the US. If this proposal is officially adopted, Bitcoin is expected to have practical impacts across various financial service sectors, including housing, education, healthcare, and pensions.
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