GM. This is Milk Road, the crypto newsletter that turns overwhelm into understanding.
Here’s what we’ve got for you today:
- ✍️ 3 pieces of positive news.
- 🎙️ The Milk Road Show: Why Ethereum Might Be the Most Mispriced Asset in Crypto Right Now w/ David Duong.
- 🍪 Coinbase’s AI agent protocol has already done 100M transactions.
Kalshi is one of the largest prediction markets that allows users to trade on the outcome of real world events. Sign up here for a free $10 and start trading.
Prices as of 2:00 p.m. ET. Trade today with Milk Road Swap.
3 REASONS TO CLOSE YOUR LAPTOP WITH A SMILE THIS WEEKEND 😊
It's Friday.
And depending on what news feeds you've been plugged into - this week may have felt like a drag.
Iranian-U.S. tensions are yet to ease, the Strait of Hormuz is still closed, and BTC is back in the $65k range…
But while we’ve all been buried in geopolitics, three things happened in the crypto world that flew under the radar.
Consider this your palate cleanser before the weekend:
1. Your Bitcoin can finally help you buy a house
The FHFA (the regulator that oversees $12T in U.S. housing finance) just told Fannie Mae and Freddie Mac (the two government-backed giants that process the majority of American home loans) to start counting crypto as a qualifying asset for mortgages.
Before this, you could have been sitting on $500k in Bitcoin and it wouldn't move the needle on your mortgage application. As far as lenders were concerned, it didn't exist.
That changes now.
Borrowers with significant crypto holdings can use them toward qualifying for a home loan, without having to sell a single token.
H.U.G.E.
And it didn't take long for someone to build on that…
NEW WAY TO MAKE MONEY
Bitcoin’s been stuck in this $65k-$75k range for almost two months.
That’s tough if you’re trying to make consistent gains.
So it might be time to look elsewhere.
Kalshi is one of the largest prediction markets that allows users to trade on the outcome of real world events.
You can trade on crypto events like:
- How low will Bitcoin go in March?
- Which cryptocurrencies will have a positive return this year?
- Will Satoshi move any Bitcoin in 2026?
With Kalshi, there’s always something to trade.
Sign up here for a free $10 and start trading.
3 REASONS TO CLOSE YOUR LAPTOP WITH A SMILE THIS WEEKEND (P2) 😊
Love crypto and real estate but don’t want to sacrifice one for the other?
Say no more…
2. Coinbase just launched crypto-backed mortgages through Better Mortgage
You put up crypto (like BTC or USDC) as collateral for your down payment → your portfolio stays intact → you get a house.
This means that long-term holders who have been sitting on big gains, but couldn't touch them without triggering a massive tax bill, now have a path to homeownership through Coinbase.
… and all the legacy banks that spent the last five years telling customers their crypto "doesn't count" as real wealth now have some explaining to do.
Ok, so crypto is earning its stripes in the housing system…
But what about the market itself?
3. The bottom might be in for crypto according to Goldman Sachs
Goldman is a $3T institution, and one of the most cautious, compliance-heavy banks on the planet.
So when they say "prices may have bottomed" publicly, it’s not some random hopium-fueled guess - these mf’ers have quant desks, client flows, and macro overlays backing their view.
Their analysts flagged that certain crypto stocks now have "attractive setups" - which is Wall Street-speak for "we think this is cheap".
That said…
They're not calling a guaranteed floor - the word "may" is doing a LOT of heavy lifting in that sentence.
But coming from Goldman, "may have bottomed" is essentially a green light for their institutional clients (hedge funds, pension funds, family offices) to start looking again - all while the retail crowd is still scared.
And that gap between what retail feels and what institutions are actually doing?
That's usually where the trade lives.
So there you have it. Three signals, all pointing in the same direction:
- Crypto is earning its stripes in the housing system.
- Real products are being built on top of that recognition.
- And the biggest bank on Wall Street is quietly telling its clients the worst might be over.
Not a bad way to head into the weekend.
NEXT WEEK ON MILK ROAD 🥛
ICYMI: Twice a month, we host a live AMA and portfolio review with our top analysts. This is an opportunity to ask them anything you want and see their answers in real time.
The sessions are hosted in the Milk Road Discord, and are later published to the website. Next up on the schedule:
📆 April 1 at 10:00 a.m. ET.
We go live this Wednesday with John and Martin 🫡 Come ask them anything and get their take on what's next. Submit your questions using this form.
BITE-SIZED COOKIES FOR THE ROAD 🍪
Whether it’s crypto, sports or even politics, there’s a market for almost everything on Kalshi. Sign up here for a free $10 and start trading.*
Woah, ok! Coinbase’s AI agent protocol has already done 100M transactions.
"Yeah, but": the two words killing institutional allocation, according to Bitwise.
Raoul Pal: The biggest disconnect in the world right now is centered on AI.
The Milk Man is hitting the road. Catch us at EthCC from March 30 - April 2 and come grab a beer. Join the Telegram group here.
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