Just got off the phone with my lender(Mr.Cooper) and my officer talked to me about an upcoming change where commercial loans can use crypto assets as proof of wealth. My officer knows how much crypto I own, this translates to, the financial world is going to legitimize crypto as an asset of wealth.

Cryptocurrency News and Public Mining Pools

Just got off the phone with my lender(Mr.Cooper) and my officer talked to me about an upcoming change where commercial loans can use crypto assets as proof of wealth. My officer knows how much crypto I own, this translates to, the financial world is going to legitimize crypto as an asset of wealth.

Some might be asking why is this important. There is a difference between trading crypto, selling crypto, even using crypto in their systems, all different from crypto being on record as a bookmark for assets as proof of wealth. My loan officer had my companies, my portfolio, my properties, even my collectibles on record to keep my lines open and to open new ones, but crypto has never been allowed, can't even make a note of it, once it is allowed, and THIS should be what excites you, once it is allowed, I don't have to sell my crypto to buy a home or car, I can just show the bank what I have and get the loan and keep my crypto locked up(staking) where it is, which means, less people selling their crypto into Fiat and more people treating it as a life long investment.

THAT is bullish AF.

submitted by /u/MarkMoneyj27
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