Quoted in Newsweek on using Bitcoin and Crypto for Mortgages
Among the older generations, the share of buyers using crypto to finance their purchase was much lower: only 3.5 percent of Gen Xers and 0.5 percent of baby boomers sold crypto investments to fund their down payment.
Young people view bitcoin and other cryptocurrencies as “real money that holds and grows in value, perhaps even more than fiat money, therefore it’s easier to create a ‘stacking goal’ or savings goal and be more disciplined and frugal,” Yaël Ossowski, deputy director at the Consumer Choice Center and a fellow at the Bitcoin Policy Institute, previously told Newsweek.
“A lot of people who shun traditional financial tools or plans have put more of their hope in cryptocurrencies like bitcoin because it at least has a chance of appreciation,” Ossowski said.