
Classickrackle
1.2K posts

Classickrackle
@Classickrackle
Hate cats, love dogs 🐕. Want freedom for myself and others. Love researching new tech. Real estate agent. Send new ideas! 🇵🇷



NEW: Coinbase and Fannie Mae partner with Better Home & Finance to launch Bitcoin-backed mortgages for U.S. homebuyers. Borrowers can pledge Bitcoin or USD Coin as collateral for down payments, allowing them to keep their assets and avoid triggering taxable sales. The loans are structured as conforming mortgages backed by Fannie Mae, meaning they follow standard underwriting rules and carry the same protections as traditional home loans. The product targets everyday buyers locked out by down payment constraints. Better says 41% of U.S. families can’t purchase homes due to lack of liquid cash, despite holding savings in other assets. Rising interest rates and high home prices have tightened affordability. A buyer targeting a $400K home may struggle to source $40K in cash without selling assets and navigating tax and legal friction. Coinbase says the offering brings crypto into mainstream housing finance, calling it “as American as apple pie.”









WARREN BUFFETT AND JAMIE DIMON ON WHY NOT TO INVEST IN CRYPTO $BTC $ETH! Warren Buffett explains it perfectly: - "If you buy something like Bitcoin or some cryptocurrency, you don't really have anything that is producing" ..like a farm or a business... "YOU ARE JUST HOPING THE NEXT GUY PAYS MORE". I agree with Buffett and personally do not invest in crypto. The risk of catastrophic drawdowns in this asset class alone gives me heartburn. In the past 9 years, $BTC has experienced: - 6 declines greater than -50% - 3 declines greater than -75% That level of volatility is far beyond what I’m comfortable with for an “asset,” if you can even call it that, where you are essentially just hoping the next person pays more. People often argue that Bitcoin’s value comes from its finite supply: - The maximum amount of Bitcoin that can ever exist is 21 million $BTC. - As of now, about 19.7M+ BTC have already been mined. - The last bitcoin is expected to be mined around the year 2140. - This limit is "hard-coded" into Bitcoin’s protocol by Satoshi Nakamoto. But as Jamie Dimon (JPM CEO) said last year - - "How do you know if it's going to stop at 21 million" - "Maybe it gets to 21 million and Satoshi's picture comes up laughing at you all, and by then he would take taken out billions of dollars"!






