Due to the rising cost of housing in America, many young people now think they might not ever be able to afford a new house. But don't worry, Bitcoin (CRYPTO: BTC) could change all that and make home ownership a reality.
At the end of June, the U.S. Federal Housing Finance Agency issued a new directive, instructing both Fannie Mae and Freddie Mac to count Bitcoin as an asset on single-family home mortgage applications. Previously, mortgage applicants had to convert any Bitcoin holdings into U.S. dollars if they wanted their crypto to count.