Golden Finance reports that according to a report by economic researchers at the U.S. Department of the Treasury, an increasing number of low-income families are using the profits from cryptocurrency investments to apply for mortgages. The report states that among low-income families, "cryptocurrency sales may support the opportunity to obtain larger mortgages through larger down payments." In a report released on November 26 by the Treasury Department's Office of Financial Research, researchers Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao wrote. They added, "The increase in borrowing is particularly pronounced among low-income families with high cryptocurrency exposure." The report noted that in areas with high cryptocurrency exposure, the mortgage ratio for low-income families increased by over 250%, with the average mortgage balance rising from about $172,000 in 2020 to about $443,000 in 2024.
