The article discusses how cryptocurrency, particularly Bitcoin, is creating new opportunities for homebuyers. With Bitcoin reaching high values and gaining acceptance, more Americans are interested in leveraging their digital assets for real estate purchases. Josip Rupena, CEO of Milo, highlights the rising interest in buying homes with Bitcoin and the growth of crypto-backed mortgages. These mortgages allow buyers to use their cryptocurrency holdings as collateral instead of selling them, making the mortgage application process quick and potentially requiring no down payment. The crypto mortgage market is projected to grow significantly in coming years.
"Buying a home with bitcoin is still a niche market, but interest is growing," said Josip Rupena, CEO of crypto-backed mortgage company Milo. As digital assets become more mainstream, more buyers are looking to use bitcoin to purchase real estate.
"While direct bitcoin transactions are less common, crypto mortgages are gaining traction as a way for investors to leverage their holdings without selling," he added.
"The bitcoin loan market is gaining traction, currently standing at $8.58 billion and expected to reach a whopping $45.27 billion by 2030," according to HFT Market Intelligence.
"Milo, which accepts bitcoin and ethereum, offers 100% financing where no down payment is required, as long as the buyer pledges bitcoin equal to the property's price."
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