US Treasury Department research report: Low income families are using cryptocurrency earnings to buy homes

On November 27th, according to Cointelegraph, an increasing number of low-income families are using the returns from cryptocurrency investments to apply for mortgage loans to buy homes, according to a report by economists studying the US Treasury Department. The report points out that in regions with high popularity of cryptocurrency, the proportion of mortgage loans for low-income households has increased by more than 250%, and the average mortgage balance has risen from about $172000 in 2020 to about $443000 in 2024, an increase of 150%.