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 (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and others may have enabled lower-income households to take out new mortgages to purchase property, a new study revealed.
加密貨幣價格上漲，比如比特幣（CRYPTO: BTC）、狗狗幣（CRYPTO: DOGE）等，可能使低收入家庭得以申請新抵押貸款來購買房產，一項新研究揭示。
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.
新近發生的事情：美國財政部金融研究辦公室的一篇報告確定了加密貨幣投資激增與債務增加之間的相關性，特別是在暴露度高的加密貨幣地區，尤其是用於購房抵押。
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.
數據顯示，在高加密貨幣暴露度郵政編碼區的低收入家庭中，房屋貸款持有率從2020年1月的4.1%增至2024年1月的15.4%，僅少於四倍。此外，每筆抵押貸款的平均餘額從2020年的171,773美元增加到2024年的443,123美元，增幅超過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.
「這表明低收入家庭可能正在利用加密貨幣收益申請新貸款並辦理更大的貸款，」該研究稱。
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.
這項研究還發現，2024年1月，該群體的平均收入爲40,664美元，表明抵押貸款與收入比率爲0.53，遠高於0.36的推薦基準。
"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.
「尤其令人擔憂的是，較高的債務收入比率與未來違約率呈正相關，尤其是在動盪期間，如2008年金融危機期間，」該研究指出。
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.
儘管如此，這些群體中的更高槓杆並沒有導致更高的違約率，至少截至2024年第一季度，恰恰相反，在低收入家庭中，債務違約率下降最爲顯著。
Mortgage delinquency dropped by 4.2% among low-income households in high-crypto exposure areas compared to 3.8% in low-crypto areas.
房屋貸款違約率在高加密貨幣暴露區的低收入家庭中下降了4.2%，而在低加密貨幣區下降了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月期間，總的數字貨幣市值增長了737%，從大約1970億美元增至1.65萬億美元。
Additionally, major coins like Bitcoin (CRYPTO: BTC) have leaped 355%, more than fourfold, in the said time period.
此外，比特幣（CRYPTO: BTC）等主要加密貨幣在該時期內暴漲355%，超過四倍。
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月份的報告透露，美國消費者對數字貨幣的接受程度正在提高，目前有少於1%的人將其視爲"一時的熱潮"，這是與之前年份相比顯著下降。
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.
熱心者對即將上任的特朗普概念總統寄予厚望，他在競選期間大力支持加密貨幣，並有傳言稱他將創造白宮首個專門負責數字貨幣政策的職位。
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.
價格走勢：撰寫時，比特幣的交易價格爲93,246.09美元，在過去24小時內上漲了0.77%，根據Benzinga Pro的數據。
- Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?
- 特朗普政府將 reportedly 讓 CFTC 監管比特幣、以太幣現貨市場，SEC 是否將失去對加密貨幣的控制？
譯文內容由第三人軟體翻譯。
