बिटकॉइन और हाउसिंग
बिटकॉइन का मकान मार्केट से मुलाकात: US मॉर्गेज फाइनेंस में सनसनीखेज परिवर्तन
2 a.m. पर, हल्के-फुल्के प्रशंसकों की सभा में, BTC/USD के 2.2% के उछाल पर मैं हरमलचमोमेली-चाय पीता हुआ, Fannie Mae-फ्रेडडी Mac (FHFA) के नए प्रमुख, बिल पुल्टे –एक हाउसिंग सम्राट के पोता –के Bitcoin को मॉर्गेज मूल्यांकन में ‘अध्ययन’ में शामिल करने की पहल सुनता हूँ।
अभी प्रमाणपत्र है –जबकि ‘आयोजन’ (collateral) এখন ‘अध्ययन’ (under review)।
परंतु, ‘उस’शब्द -वह ‘वह’ -अमेरिकाभर-ई-क्रिपटोवॉलट-पड़्गई-
*“वे ‘हम Bitcoin ko paisa kaise banayein?’ nahi puch rahe hain… wo pooch rahe hain ki ‘kya hum ise dhan ke pramāṇ ke roop mein vishwas kar sakte hain?”
यहीं, меня ne khul gaya.
Aapki Ghar Loan Ki Nishchayakartaa: Fannie Mae aur Freddie Mac
आपको Shabd janne wale do naam hai jo aapne kabhi suna nahi hoga… par unke faisle America ke har morkage ko shape kar rahe hain: Fannie Mae aur Freddie Mac.
Ye bank nahi hain — ye Government-Sponsored Enterprises (GSEs) hai… jo local lenders se loan lekar unko fir se lend karne me madad karte hai. Inka ek saath ~70% US mortgage back karta hai.
Ab socho ki inme se ek bol raha ho: “Aap apna BTC cash ke jagah use kar sakte ho?”
Yeh badi baat lagti hai — lekin yeh ho raha hai.
Yeh Sirf Ek Hype Cycle Nahin Hai
Zyada tar log isko ek aur ‘crypto mainstream’ headline samajhte hain — haan, kuch FOMO bhi toh chal raha hai. Par maine dekha:
- Bill Pulte sirf ek bureaucrat nahin — wo khud \(500k–\)1M BTC aur SOL me invest kiye hue hain.
- Wo 2019 se hi crypto ke prati pro-hai.
- Aur Trump ke dusre term me appoint kiye gaye the — matlab policy shifts ab theoretical nahin.
Yeh leadership ka “skin in the game” hai… literally.
Ab sawal yeh nahin hai ki crypto finance me aaega ya nahi — balki yeh ki kitni tez usse system me absorb kiya jayega jo decades purane assumptions par based tha—liquidity, stability aur trust par.
Private Lenders Pahle Hi Aage Hain—Aur Unka Dara Bhi Hai
Pata chala agar FHFA policy change par debate kar raha ho, to kuch players already jump kar chuke:
- Milo Credit: crypto-backed home loans—up to 100% LTV (loan-to-value).
- Figure Technologies, ex-Sofi CEO Mike Cagney ke saath: $20M+ crypto-guaranteed loans explore kar rahe hain.
- Ledn: apne BTC savings par dollar loan le sakta hai 50% LTV tak—with interest rates higher than average kyunki GSEs ya secondary markets se backed nahi hota. The catch? Ye deals Fannie Mae ya Freddie Mac programs me qualify nahi karti. Toh jab borrowers ko aaj access mil raha hai… vo zyada paid karte hain—aur zyada risk leta hai bahir systemic shielding ke bina. aise lagta hai early-stage innovation: brilliant but fragile—a prototype before standardization.
