In the last couple of years, a sweeping perception shift has impacted the way we think about modern currency, finance, and our global market economy. Mainly, investors are looking to cryptocurrency as a way to insulate their portfolios from inflation, regulation, and fatigued fiat dollars.
Recently, real estate made its way into the equation, and now the world’s first crypto mortgage product is here.
Milo Makes The Crypto Mortgage a Thing (No Joke)
Milo is a global digital mortgage solutions company with a unique vision. They aim to reimagine the way global and cryptocurrency-using consumers access credit and financial services in a borderless world. Thus, they just announced a mortgage product that is 100 percent crypto-driven.
“So, how does this help investors? What’s the catch?” you may be thinking.
In the past, we’ve seen a few mortgage transactions where crypto was converted to down payment cash. While this was a huge leap forward in the crypto space, Milo is taking it a step further. By allowing investors the ability to leverage their cryptocurrency toward a mortgage, investors are able to hold their crypto longer. And holding crypto is really the name of the game.
In the just last five years, we’ve seen the value of Bitcoin shoot from $924 to $38K. Just thinking about that increase in terms of a 15-year mortgage, it’s easy to imagine why many praise this product. Instead of losing out on all those gains at once, investors are able to parse their crypto payments over time.
Other Considerations
Josip Rupena, CEO and founder of Milo, spoke with us about the key value points of this product. It makes a lot of sense to many investors.
“It comes down to three advantages,” Josip says. “First, we allow crypto investors to hold their assets so there are no opportunity costs in cashing out. Second, this product insulates them against triggering a taxable event in collecting gains. Lastly, it allows them to qualify for the mortgage with their crypto alone.”
This not only allows for more control over cryptocurrency assets but serves as a vehicle to diversify assets and grow wealth. It’s truly a win-win-win for anyone in the cryptosphere.
