According to a report by economists at the US Treasury Department, more and more low-income families are using the profits from cryptocurrency investments to apply for mortgage loans. The report states that "cryptocurrency sales may support the opportunity for larger mortgage loans through larger down payments" in low-income families. The report was released by the Financial Research Office of the Treasury Department on November 26th and was written by researchers Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao.
They added, "The increase in borrowing is particularly significant in low-income households with high exposure to cryptocurrency." The report notes that in areas with high exposure to cryptocurrency, the proportion of low-income families with mortgage loans has increased by more than 250%, and the average mortgage loan balance has risen from approximately $172,000 in 2020 to approximately $443,000 in 2024.