"In late 2017, when bitcoin surged 1,000 percent in value to nearly $20,000 a coin, there was a flurry of excitement about how crypto might replace traditional down payments and mortgages. But the visions of crypto bros snapping up luxury condos in dogecoin didn't exactly pan out. Developers were wary, most sellers dismissed crypto financing outright, and co-op boards hated it to the extent that many brokers thought it was better not to mention owning crypto at all."
"In the past year or so, however, things have started shifting again thanks to bitcoin's multitrillion-dollar market cap, the Trump administration's support of the industry, and wild stock-market fluctuations. Crypto, despite its past volatility and a lingering aura of shadiness ( and criminality), is increasingly accepted as part of the mainstream finance world, especially after the passage of the Genius Act and Clarity Act over the summer,"
In late 2017 bitcoin's dramatic rise prompted expectations that crypto could replace traditional down payments and mortgages. Those expectations largely failed as developers remained wary, most sellers rejected crypto financing, co-op boards resisted, and many brokers advised clients not to disclose crypto holdings; landlords also declined renters with crypto-heavy assets. Years of speculation, meme coins, volatility, and the collapse of FTX further dampened interest. Recently adoption has increased with bitcoin's multitrillion-dollar market cap, political support, stock-market swings, and new federal rules under the Genius Act and Clarity Act, while luxury-market actors begin accommodating crypto even as New York lags behind California and Miami.
Read at Curbed
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