Bitcoin Paying For Your Mortgage? One Company Enables It, But There's A Catch

Benzinga00:21

Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin BTC/USD. What ...

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One Company Enables It, But There's A Catch","media":"Benzinga","content":"<div>\n<p>Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin BTC/USD.\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/42142159/bitcoin-paying-for-your-mortgage-one-company-enables-it-but-theres-a-catch\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Paying For Your Mortgage? 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One Company Enables It, But There's A Catch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-23 00:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/42142159/bitcoin-paying-for-your-mortgage-one-company-enables-it-but-theres-a-catch><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin BTC/USD.\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/42142159/bitcoin-paying-for-your-mortgage-one-company-enables-it-but-theres-a-catch\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/11/42142159/bitcoin-paying-for-your-mortgage-one-company-enables-it-but-theres-a-catch","article_id":"2485148296","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/22/Ramseys-Skepticism.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485148296","pubTimestamp":1732292484,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin (CRYPTO: ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF"},"translate_title":"比特币支付你的抵押贷款？一家公司实现了它，但有一个问题","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin BTC/USD.\nWhat Happened: In an appearance on Squawk Box, Hones announced a loan that blends a 63-unit multi-family property in Philadelphia with Bitcoin as collateral. \nA $2 million loan was issued to refinance the existing mortgage on the property, fund improvements and allocate funds for purchasing Bitcoin. \nThe loan combines traditional real estate collateral with Bitcoin, diversifying risk.\nBorrowers must hold Bitcoin in escrow for at least four years, ensuring stability. \nThe crypto king adds a hedge against inflation and enhances asset protection compared to traditional loans reliant solely on property.\nBorrowers can repay loans anytime without penalty, but Bitcoin collateral remains locked for four years. \nHones noted that this hybrid approach pairs stable, cash-flowing assets with Bitcoin’s growth potential, creating a hedge against volatility.\nAlso Read: Bitcoin Zeroes In On $100,000, But This Indicator Signals One More Brief Correction\nWhy It Matters: Hones believes Bitcoin can complement fixed-income portfolios and address pension fund shortfalls. \nOver the medium to long term, Bitcoin's performance offers the potential for significant returns—its worst historical return over any four-year period stands at 23%.\nThis approach aims to reduce reliance on high-risk credit investments while narrowing asset-liability mismatches in pension portfolios. \nBy integrating Bitcoin with traditional credit structures, Hones envisions a transformative investment strategy capable of reducing pension funding gaps and enhancing overall portfolio stability.  \nRead Next:\n\nBitcoin Analyst Warns Of ‘4-6 Flash Crashes’ Before Year-End As It Inches Closer To $100K: That’s The Moment Altcoins ‘Shoot Off’\n\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. 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