Coinbase’s New Bitcoin-Backed Mortgages Explained

Show Notes

The PBJ crew breaks down Coinbase’s new bitcoin mortgage, including the no-margin-call structure, the likely target customer, and why the product feels like a meaningful step for bitcoin as collateral. https://www.coinbase.com/blog/coinbase-powers-the-first-crypto-backed-conforming-mortgages-by-better 0:00 No-margin-call structure and product novelty 02:30 Fannie Mae (and thus US gov't) backing and institutional significance 03:50 Target customer and core down-payment use case 06:45 Risk allocation, collateral mechanics, and open questions 09:38 Bitcoin-only collateral decision and the rejection of altcoins 13:31 Competitive impact and who this product serves 14:47 Market size, adoption assumptions, and distribution 19:10 Other potential entrants and Tradfi integration 🎧 From the PBJ podcast recorded at 📍Presidio Bitcoin 🔗 Full episode: https://youtube.com/live/-NIPr7zX3ss?feature=share 🌐 Learn more: https://www.presidiobitcoin.org/