Bitcoin, invented to replace the financial system, is now being accepted as collateral by the institution that helped crash it in 2008.
Fannie Mae and Coinbase just announced crypto-backed mortgages. No margin calls. No forced selling. No taxable event. Your Bitcoin secures the loan and stays yours.
Rates run 0.5 to 1.5 points higher than conventional.
Here's the tension though: the whole point of Bitcoin is to exit a system built on debt and dilution. Using it as collateral inside that same system is... philosophically complicated.
Adoption looks different than most people imagined. But here we are.
