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JUST IN: Fannie Mae now offers a way for Bitcoin holders to use their coins as collateral when applying for a mortgage without having to sell them.
For Matt Hougan, CIO of Bitwise, this is a clear sign of a shift in institutional perception toward Bitcoin and a potential relief from selling pressure in the market.
Fannie Mae allows the use of Bitcoin holdings as collateral to obtain a mortgage without liquidating the assets. Matt Hougan of Bitwise stated that the measure would have been unthinkable just two or three years ago.