Gen Z is increasingly favoring Bitcoin over traditional housing for wealth building, as high affordability barriers lead young buyers to utilize crypto as collateral for down payments instead of long-term mortgages.
SALT Lending CRO Hunter Albright predicts that more Bitcoin owners will borrow against their holdings instead of selling over the next three to five years, integrating stablecoins for liquidity.
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The U.S. Commodity Futures Trading Commission has introduced new regulatory guidelines allowing domestic cryptocurrency exchanges to voluntarily join a federal framework while major legislation remains stalled in Congress.
The International Monetary Fund approved a $139 million payout for El Salvador while urging the nation to scale back its state involvement in Bitcoin-related activities and halt further accumulation beyond donations.
South African financial institution Absa has become the continent's first bank to provide bitcoin custody solutions, catering initially to institutional clients with plans to add more digital assets later.
Bitcoin surpassed $87,000 during Friday morning trading, driven by steady exchange-traded fund activity and a weaker-than-expected U.S. jobs report indicating higher unemployment.