Cathie Wood: We may see BTC holders transferring it to CEX to obtain new mortgage loans.

On June 29, Ark Invest CEO Cathie Wood stated, "Bitcoin holders are likely to have invested a large portion of their net worth in Crypto Assets, making them ineligible for mortgage qualifications. I would not be surprised if they transferred some of their Bitcoin to CEX as collateral for a new home that once seemed out of reach." Previously, crypto journalist Eleanor Terrett revealed that Fannie Mae and Freddie Mac have been instructed to explore counting Crypto Assets as reserves for mortgage applications, meaning that Crypto Assets would not need to be converted into US dollars, but rather counted as Spot reserves. Additionally, according to relevant requirements, only Crypto Assets listed on US-regulated trading platforms are eligible to be included in Fannie Mae and Freddie Mac's mortgage reserves, and the related assets must also have Fluctuation protection measures in place.