Recently, William J. Pulte, Director of the Federal Housing Finance Agency (FHFA), announced on the social platform X that he has instructed Fannie Mae and Freddie Mac, two government-sponsored enterprises controlling over half of the US mortgage market, to explore incorporating cryptocurrencies like BTC into their mortgage risk assessment system. This move is seen as a significant shift in US financial policy that could redefine the "American Dream", shifting from homeownership to BTC ownership.
Pulte: Cryptocurrency Helps Realize the American Dream
In his X post on June 25, Pulte stated that this policy was made after "in-depth research" and is consistent with Trump's vision of making the US the "global cryptocurrency capital". He emphasized that allowing Fannie Mae and Freddie Mac to consider cryptocurrencies as assets will help more comprehensively assess borrowers' financial situations and promote "sustainable homeownership for credit-worthy borrowers". Pulte added that only cryptocurrencies stored in US-regulated exchanges and complying with legal requirements would be considered, indicating a balance between innovation and risk control.
Cryptocurrency Leaders: BTC Redefines the American Dream
This policy has been highly praised by heavyweight figures in the cryptocurrency industry. First, Binance founder CZ commented that owning 0.1 BTC might be more valuable than owning a house in the US in the future. He believes that the current American Dream is homeownership, but in the future, owning 0.1 BTC will become the new symbol of wealth.
Secondly, MicroStrategy (now Strategy) founder Michael Saylor called this the "decisive moment for BTC to integrate into the American Dream" and stated that this is a milestone for institutional BTC adoption as a collateral asset. He proposed MicroStrategy's BTC credit framework, calculating credit risk through factors like BTC price volatility and loan terms, to help implement the policy. Saylor emphasized that this move will lead global banking to follow suit.
Additionally, Bitwise portfolio manager Jeff Park noted that for Millennials and Gen Z, becoming a "whole coiner" (owning 1 complete BTC) is replacing homeownership as the new symbol of financial independence. He believes that with rising US housing prices and student debt pressures, BTC's scarcity, autonomy, and global accessibility make it a new choice for younger generations, representing a dream based on "sound money and digital autonomy".
Will BTC Reshape the American Dream?
Pulte's directive marks another key step for BTC towards mainstream finance, potentially changing the rules of the US mortgage market. As Fannie Mae and Freddie Mac develop specific proposals, the legitimacy of cryptocurrencies as collateral assets will be further established.
The optimistic assessments from CZ, Saylor, and Jeff Park also show that BTC is not just an investment tool, but may become a symbol of wealth and autonomy for a new generation. The future American Dream might truly be measured in "Sats" (the smallest BTC unit) rather than house size, thus opening a new chapter in wealth definition.
