Cathie Wood, CEO of ARK Invest, has expressed confidence that a new directive from the U.S. Federal Housing Finance Agency (FHFA) could have a major impact on Bitcoin.

The move, which aims to incorporate cryptocurrency holdings like Bitcoin into the mortgage qualification process, may help crypto holders access home loans without needing to convert their digital assets into traditional currency. This proposed rule has drawn attention from various financial leaders, including Wood herself, who predicts it could provide a substantial boost to Bitcoin’s role in the financial ecosystem.