Peter Schiff Criticizes Bitcoin-Backed Mortgages as Coinbase and Better Launch New Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 29 2026
0mins
Should l Buy BETR?
Source: stocktwits
Peter Schiff's Critique: Economist Peter Schiff criticized crypto-backed mortgages, arguing they increase costs and risks for borrowers by requiring them to take on two loans and finance 100% of a home's value.
New Product Launch: The new crypto-backed mortgage product, backed by Fannie Mae and offered through platforms like Coinbase and Better, allows borrowers to use Bitcoin or USDC as collateral, which supporters claim preserves crypto exposure and avoids capital gains taxes.
Market Sentiment: Retail sentiment around Coinbase stock has returned to a neutral zone, reflecting mixed reactions as the debate over crypto-backed mortgages intensifies, with some users expressing optimism about potential growth in the cryptocurrency market.
Concerns Over Complexity: Critics, including Schiff, argue that the added complexity and leverage of crypto-backed loans may outweigh their benefits, especially in volatile market conditions, raising concerns about the likelihood of default for borrowers managing multiple debts.
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Analyst Views on BETR
Wall Street analysts forecast BETR stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 41.230
Low
40.00
Averages
40.00
High
40.00
Current: 41.230
Low
40.00
Averages
40.00
High
40.00
About BETR
Better Home & Finance Holding Company is a technology-enabled homeownership company. The Company offers mortgage, home equity, and other homeownership products through a digital platform. Its services are designed to support customers across stages of the homeownership cycle, including purchase, ownership, refinance, and sale. Its platform supports both consumer-facing offerings and offerings provided to third-party strategic partners and is designed to scale across products, channels, and market conditions. Its segments include Home Finance and Banking. The Home Finance segment provides homeownership services such as purchase mortgages, refinance mortgages, and home equity lines of credit and closed-end second lien loans for home purchase and refinance, including cash-out refinance and debt consolidation, as well as mortgage related product offerings such as real estate services and insurance services, which includes title insurance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
BETR Shares Surge on Strong Mortgage Sales and Partnerships
- Mortgage Sales Growth: The Mortgage Bankers Association reported a 1.8% increase in overall applications for the week ending April 10, marking the first rise in five weeks, indicating a rebound in market demand that is expected to further drive BETR's business growth.
- Executive Share Purchases: BETR's CEO Vishal Garg and Chairman Harit Talwar purchased shares at market rates in early April, boosting investor confidence and pushing the stock to its highest level since December 2025, reflecting strong executive belief in the company's future.
- Partnership with Coinbase: BETR's collaboration with cryptocurrency exchange Coinbase to offer token-backed mortgages allows Americans to use Bitcoin or stablecoins for cash down payments, a move expected to attract younger customers and expand market share.
- Optimistic Market Sentiment: Sentiment on Stocktwits around BETR stock is deemed 'extremely bullish' with very high message volumes, reflecting strong confidence from retail investors in the company's future performance, with the stock up 40% year-to-date.
See More
Better Home Executives Purchase Additional Company Shares
- Executive Share Purchases: Better Home & Finance's CEO, CFO, CTO, and Chairman have purchased additional shares of the company's common stock, indicating the executive team's confidence and commitment to the company's long-term success, thereby enhancing investor trust.
- Tinman AI Platform Focus: CEO Vishal Garg emphasized the team's focus on scaling the adoption of the Tinman AI platform to increase efficiency and build shareholder value, highlighting the company's strategic emphasis on technological innovation.
- Loan Volume Milestone: Since 2016, Better has funded over $110 billion in loan volume, becoming the first AI-native mortgage and home equity finance platform, showcasing its leadership position in the fintech sector.
- Customer Service Innovation: Betsy™, the first AI loan agent designed exclusively for the mortgage industry, provides 24/7 application status updates and answers questions, significantly improving the homebuying experience and further driving market share growth.
See More
Better Home & Finance Prices Public Offering of 1.875M Shares
- Offering Size: Better Home & Finance announced the pricing of 1.875 million shares of Class A common stock at approximately $32 per share, expecting to raise about $60 million in gross proceeds before underwriting discounts and expenses, indicating the company's capital market financing capability.
- Overallotment Option: The company granted underwriters a 30-day option to purchase an additional 281,250 shares of Class A common stock to cover overallotments, a strategy aimed at enhancing market liquidity and meeting investor demand.
- Use of Proceeds: The net proceeds from the offering will be used for growth capital and general corporate purposes, reflecting the company's proactive strategy to expand its business and enhance operational capabilities.
- Market Reaction: Following the announcement, BETR's stock price fell by 20.69% to $35.56, indicating market concerns regarding the company's current valuation, which may impact future financing and investor confidence.
See More
Better Reports Q1 2026 Funded Loan Volume Exceeds Guidance
- Significant Loan Volume Growth: Better reported a funded loan volume of $1.64 billion for Q1 2026, exceeding prior guidance of $1.40 billion to $1.55 billion, marking an impressive 89% year-over-year increase that underscores the company's strong market performance and growth potential.
- Successful Capital Raise: The company completed a public offering of $60 million in Class A common stock with an additional $9 million in overallotments, totaling an anticipated $69 million, reflecting investor confidence in the company's future growth trajectory.
- Cost Reduction Initiatives: Better announced at least $25 million in annualized cost reductions starting Q2 2026, aimed at optimizing operational efficiency and enhancing profitability, demonstrating a disciplined review of its cost structure.
- UK Bank Sale Process: The company is actively pursuing the sale of its UK-based bank, classifying it as held for sale, which aims to simplify operations and unlock shareholder value without impacting its capital requirements negatively.
See More
Better Home & Finances Stock Drops 20% Following $60 Million Offering
Stock Performance: Better Home & Finances shares have dropped by 20% following a recent stock offering.
Offering Details: The stock offering raised $60 million for the company.
See More
Better Home & Finance Holding Aims for Adjusted EBITDA Breakeven by Q3 2026 End
- Company Overview: Better Home & Finance Holding is focused on achieving a break-even point by the end of the third quarter of 2026.
- Financial Goals: The company has set specific financial targets to reach this break-even status, indicating a strategic plan for future growth.
See More
BETR Shares Surge on Strong Mortgage Sales and Partnerships
- Mortgage Sales Growth: The Mortgage Bankers Association reported a 1.8% increase in overall applications for the week ending April 10, marking the first rise in five weeks, indicating a rebound in market demand that is expected to further drive BETR's business growth.
- Executive Share Purchases: BETR's CEO Vishal Garg and Chairman Harit Talwar purchased shares at market rates in early April, boosting investor confidence and pushing the stock to its highest level since December 2025, reflecting strong executive belief in the company's future.
- Partnership with Coinbase: BETR's collaboration with cryptocurrency exchange Coinbase to offer token-backed mortgages allows Americans to use Bitcoin or stablecoins for cash down payments, a move expected to attract younger customers and expand market share.
- Optimistic Market Sentiment: Sentiment on Stocktwits around BETR stock is deemed 'extremely bullish' with very high message volumes, reflecting strong confidence from retail investors in the company's future performance, with the stock up 40% year-to-date.
See More
Better Home Executives Purchase Additional Company Shares
- Executive Share Purchases: Better Home & Finance's CEO, CFO, CTO, and Chairman have purchased additional shares of the company's common stock, indicating the executive team's confidence and commitment to the company's long-term success, thereby enhancing investor trust.
- Tinman AI Platform Focus: CEO Vishal Garg emphasized the team's focus on scaling the adoption of the Tinman AI platform to increase efficiency and build shareholder value, highlighting the company's strategic emphasis on technological innovation.
- Loan Volume Milestone: Since 2016, Better has funded over $110 billion in loan volume, becoming the first AI-native mortgage and home equity finance platform, showcasing its leadership position in the fintech sector.
- Customer Service Innovation: Betsy™, the first AI loan agent designed exclusively for the mortgage industry, provides 24/7 application status updates and answers questions, significantly improving the homebuying experience and further driving market share growth.
See More
Better Home & Finance Prices Public Offering of 1.875M Shares
- Offering Size: Better Home & Finance announced the pricing of 1.875 million shares of Class A common stock at approximately $32 per share, expecting to raise about $60 million in gross proceeds before underwriting discounts and expenses, indicating the company's capital market financing capability.
- Overallotment Option: The company granted underwriters a 30-day option to purchase an additional 281,250 shares of Class A common stock to cover overallotments, a strategy aimed at enhancing market liquidity and meeting investor demand.
- Use of Proceeds: The net proceeds from the offering will be used for growth capital and general corporate purposes, reflecting the company's proactive strategy to expand its business and enhance operational capabilities.
- Market Reaction: Following the announcement, BETR's stock price fell by 20.69% to $35.56, indicating market concerns regarding the company's current valuation, which may impact future financing and investor confidence.
See More
Better Reports Q1 2026 Funded Loan Volume Exceeds Guidance
- Significant Loan Volume Growth: Better reported a funded loan volume of $1.64 billion for Q1 2026, exceeding prior guidance of $1.40 billion to $1.55 billion, marking an impressive 89% year-over-year increase that underscores the company's strong market performance and growth potential.
- Successful Capital Raise: The company completed a public offering of $60 million in Class A common stock with an additional $9 million in overallotments, totaling an anticipated $69 million, reflecting investor confidence in the company's future growth trajectory.
- Cost Reduction Initiatives: Better announced at least $25 million in annualized cost reductions starting Q2 2026, aimed at optimizing operational efficiency and enhancing profitability, demonstrating a disciplined review of its cost structure.
- UK Bank Sale Process: The company is actively pursuing the sale of its UK-based bank, classifying it as held for sale, which aims to simplify operations and unlock shareholder value without impacting its capital requirements negatively.
See More
Better Home & Finances Stock Drops 20% Following $60 Million Offering
Stock Performance: Better Home & Finances shares have dropped by 20% following a recent stock offering.
Offering Details: The stock offering raised $60 million for the company.
See More
Better Home & Finance Holding Aims for Adjusted EBITDA Breakeven by Q3 2026 End
- Company Overview: Better Home & Finance Holding is focused on achieving a break-even point by the end of the third quarter of 2026.
- Financial Goals: The company has set specific financial targets to reach this break-even status, indicating a strategic plan for future growth.
See More
