NDP Leadership Convention, Juno Awards, Canadian Citizenship Test (lol) | CBP 258 Pt 2

About this episode

The episode discusses the introduction of Bitcoin-backed mortgages, the US Treasury's financial situation, and various Bitcoin-related news in Canada and beyond.

Bitcoin-backed mortgages are now officially here — Fannie Mae and Freddie Mac have greenlit the first US government-backed product that lets you use Bitcoin or USDC as collateral to buy a home, and most people are completely misreading what this actually means.The structure is more nuanced than the headlines suggest: you pledge Bitcoin into a Coinbase Prime account, take out a second loan backed by that collateral to fund your down payment, and crucially — the collateral is never mark-to-market. No margin calls if Bitcoin dumps 40% overnight. That's the biggest part of this story nobody's talking about.The US Treasury's own 2025 financial report: $6 trillion in assets, $48 trillion in liabilities — a net position of negative $41.7 trillion, up $2 trillion in one year. Jerome Powell publicly acknowledged the structural deficit problem. Meanwhile Canada moves to ban Bitcoin political donations under Bill C-25, Wealthsimple launches prediction market gambling, and 150 million Binance credentials just leaked. All of that plus Bitcoin mortgages, Australian pension Bitcoin allocation, Strait of Hormuz oil crunch, and quantum computing risk — all this…

People in this episode

Hosts: Joey, Len

Topics covered

• Bitcoin mortgages
• US Treasury financial report
• Canada Bitcoin regulations
• Wealthsimple prediction market
• Binance data leak
• quantum computing risk

Keywords

• Bitcoin
• mortgages
• US Treasury
• Canada
• Wealthsimple
• Binance
• quantum computing

Sponsors

easyDNS, Bull Bitcoin

Mentioned in this episode

Organizations: Fannie Mae, Freddie Mac, US Treasury, Wealthsimple

Products: Bitcoin-backed mortgages, USDC

Places: Canada, Australia, Strait of Hormuz

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