đ Bitcoin Smashes $107K as FHFAâs Pulte Demands Crypto Inclusion in Mortgage Approvals
Bitcoin just bulldozed past $107,000âagainâas regulators scramble to keep up. The FHFA's surprise move? Telling lenders to consider crypto assets in mortgage applications. Because nothing says 'stable collateral' like a volatile digital asset, right?
Here's why Wall Street's sweating:
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The FHFA flex
: Director Pulte drops the hammer, forcing traditional finance to acknowledge crypto holdings as legitimate assets. No more pretending your Bitcoin stash doesnât exist.
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Market frenzy
: Traders pile in as institutional adoption gets another tailwind. Meanwhile, gold bugs quietly sob into their safety-deposit boxes.
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The fine print
: This isnât blanket approval. Lenders still get to decide if your NFT monkey counts as 'liquid' (spoiler: it wonât).
Bottom line? The systemâs bendingâslowlyâto cryptoâs gravity. Whether thatâs progress or desperation depends on whoâs holding the bag.