Need Collateral to Get a Mortgage? Check Your Crypto Wallet

What: Some lenders are now accepting cryptocurrency as collateral for mortgages.
Why: This move is aimed at attracting younger, tech-savvy borrowers who have invested in cryptocurrencies.
Signal: **20%** of millennials are now using cryptocurrency as an investment option, making it a viable collateral option.
Target: Lenders are targeting borrowers with a minimum cryptocurrency portfolio value of **$100,000**.
Risk: Regulators are still unclear on how to handle cryptocurrency-based collateral, posing potential risks to lenders.