Crypto Fitz Answers: Can You Buy a House or Car With Bitcoin?

I’m Jimmy Fitz, also known as Crypto Fitz, and one of my favorite things to do is get out into the community and answer real questions about Bitcoin and crypto. This time, Sal had a great one: can you actually use Bitcoin to buy a house or a car?

The answer might surprise you — it’s already happening. Just last week, Ferrari announced it would accept Bitcoin as payment. That means if you’ve got your eye on a Ferrari, crypto could get you behind the wheel.

But what about bigger purchases, like a house? A financial group called Cantor Fitzgerald is launching a company through the NASDAQ exchange called CEP (Cantor Equity Partners). Their mission is to be a Bitcoin treasury company — essentially acting as a bank for your Bitcoin. They’re starting with $42 billion in Bitcoin holdings on their balance sheet, and they’re looking to offer mortgages backed by crypto.

And there’s more. A recent executive order signed by the president changes how mortgage companies can view crypto assets. Previously, if you wanted to use your Bitcoin to qualify for a loan, you had to sell it first before it counted toward your assets. Now, you can simply declare your Bitcoin holdings as part of your financial picture without liquidating. That means more opportunities for crypto holders to leverage their digital assets for real-world purchases.

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So, whether it’s luxury cars or even a home mortgage, the use of Bitcoin in major transactions is no longer just “coming soon” — it’s here.

Explore: NBCPalmSprings.com, where we are connecting the Valley.