Surge In Bitcoin, Dogecoin And Other Cryptos Boosting Home Ownership Among Low-Income Americans, Says Treasury Department
Surge In Bitcoin, Dogecoin And Other Cryptos Boosting Home Ownership Among Low-Income Americans, Says Treasury Department
"This indicates that low-income households may be using cryptocurrency gains to take out new mortgages and take out larger mortgages," the study said.The rise in prices of cryptocurrencies like $Bitcoin (BTC.CC)$, $Dogecoin (DOGE.CC)$, and others may have enabled lower-income households to take out new mortgages to purchase property, a new study revealed.
数字货币价格上涨，比如 $比特币 (BTC.CC)$, $狗狗币 (DOGE.CC)$，以及其他数字货币可能使低收入家庭能够申请新抵押贷款购买房产，一项新研究揭示。
What Happened: A paper by the U.S. Treasury's Office of Financial Research has identified a correlation between the surge in cryptocurrency investments and an increase in debt, particularly mortgages, in areas with high exposure to cryptocurrencies.
新近发生的事情：美国财政部金融研究办公室的一篇报告确定了加密货币投资激增与债务增加之间的相关性，特别是在暴露度高的加密货币地区，尤其是用于购房抵押。
Data showed that for low-income households in high-crypto exposure zip codes, the mortgage holder rate nearly quadrupled from 4.1% in January 2020 to 15.4% in January 2024. Additionally, the average balance per mortgage increased by over 150% from $171,773 in 2020 to $443,123.
数据显示，在高加密货币暴露度邮政编码区的低收入家庭中，房屋贷款持有率从2020年1月的4.1%增至2024年1月的15.4%，仅少于四倍。此外，每笔抵押贷款的平均余额从2020年的171,773美元增加到2024年的443,123美元，增幅超过150%。
"This indicates that low-income households may be using cryptocurrency gains to take out new mortgages and take out larger mortgages," the study said.
“这表明低收入家庭可能正在利用加密货币收益申请新贷款并办理更大的贷款，”该研究称。
The study also found that the average income of the cohort was $40,664 in January 2024, indicating a mortgage debt-to-income ratio of 0.53, well above the recommended benchmark of 0.36.
这项研究还发现，2024年1月，该群体的平均收入为40,664美元，表明抵押贷款与收入比率为0.53，远高于0.36的推荐基准。
"It is particularly concerning because higher debt-to-income ratios are positively correlated with future default rates, especially during periods of turmoil such as the 2008 financial crisis," the study stated.
“尤其令人担忧的是，较高的债务收入比率与未来违约率呈正相关，尤其是在动荡期间，如2008年金融危机期间，”该研究指出。
That said, higher leverage among these groups hasn't resulted in higher delinquency rates as of Q1 2024. On the contrary, delinquency on debt dropped the most among low-income households.
尽管如此，这些群体中的更高杠杆并没有导致更高的违约率，至少截至2024年第一季度，恰恰相反，在低收入家庭中，债务违约率下降最为显著。
Mortgage delinquency dropped by 4.2% among low-income households in high-crypto exposure areas compared to 3.8% in low-crypto areas.
房屋贷款违约率在高加密货币暴露区的低收入家庭中下降了4.2%，而在低加密货币区下降了3.8%。
It's worth noting that during the period between January 2020 and January 2024, the total cryptocurrency market capitalization increased by 737%, from roughly $197 billion to $1.65 trillion.
值得注意的是，在2020年1月至2024年1月期间，总的数字货币市值增长了737%，从大约1970亿美元增至1.65万亿美元。
Additionally, major coins like Bitcoin (CRYPTO: BTC) have leaped 355%, more than fourfold, in the said time period.
此外，比特币（CRYPTO: BTC）等主要加密货币在该时期内暴涨355%，超过四倍。
An August report disclosed that U.S. consumers are becoming more receptive to cryptocurrency, with fewer than 1% now dismissing it as a "fad," a significant drop from previous years.
一份8月份的报告透露，美国消费者对数字货币的接受程度正在提高，目前有少于1%的人将其视为"一时的热潮"，这是与之前年份相比显著下降。
Enthusiasts have placed high hopes in President-elect Donald Trump, who enthusiastically supported cryptocurrencies during his election campaign and is speculated to create the first-ever White House role dedicated to cryptocurrency policy.
热心者对即将上任的特朗普概念总统寄予厚望，他在竞选期间大力支持加密货币，并有传言称他将创造白宫首个专门负责数字货币政策的职位。
Price Action: At the time of writing, Bitcoin was trading at $93,246.09, up 0.77% in the last 24 hours, according to data from Benzinga Pro.
价格走势：撰写时，比特币的交易价格为93,246.09美元，在过去24小时内上涨了0.77%，根据Benzinga Pro的数据。
