According to a report by economists from the U.S. Treasury Department, an increasing number of low-income families are using the profits from cryptocurrency investments to apply for mortgages to buy homes. The report indicates that in areas with higher cryptocurrency adoption rates, the mortgage ratio for low-income families has increased by over 250%, and the average mortgage balance has risen from about $172,000 in 2020 to about $443,000 in 2024, a growth of 150%. Data from the New York Federal Reserve shows that the increase in debts such as mortgages, auto loans, credit cards, and student loans has led to a new high of $17.9 trillion in total household debt in the third quarter. (Cointelegraph)