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
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 rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 26.470
Low
40.00
Averages
40.00
High
40.00
Current: 26.470
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.
BetterLife Appoints Doug Drysdale as Executive Chairman
- Leadership Change: BetterLife Pharma has appointed Doug Drysdale as Executive Chairman, who previously served as CEO of Cybin, successfully advancing the company from molecule inception to Phase 3 trials in just three years, showcasing his exceptional leadership in the biotech sector.
- Strategic Value Enhancement: Drysdale's addition is expected to bring global leadership experience and a rich background in executing successful transactions, significantly strengthening BetterLife's strategic insights and operational capabilities, thereby driving long-term shareholder value creation.
- Equity Incentive Plan: The company will grant Drysdale stock options for 3.5 million shares at an exercise price of $0.065, vesting monthly over 24 months with a 10-year term, aimed at attracting and retaining executive talent to foster company growth.
- Innovative Drug Development: BetterLife focuses on developing BETR-001 for treating neurological disorders, which is in preclinical and IND-enabling studies, featuring unique self-administration characteristics that are expected to eliminate regulatory hurdles and provide strong momentum for future growth.
See More
Better Home & Finance Holding Company Q1 2026 Earnings Insights
- Loan Volume Growth: Better Home achieved approximately $1.64 billion in funded loan volume in Q1 2026, reflecting an 89% year-over-year increase, indicating enhanced competitiveness in the market, although macroeconomic pressures may impact future growth.
- Revenue and Cost Dynamics: Revenue from continuing operations grew approximately 52% year-over-year to $47.5 million, despite an adjusted EBITDA loss of approximately $19 million, highlighting the need for improved cost control alongside revenue growth to achieve profitability.
- Strategic Investment and Expansion: The company plans to cut at least $25 million in annualized costs in Q2 and expand warehouse capacity by 48% to $850 million, aiming to enhance operational efficiency and support future business growth.
- Market Outlook and Challenges: While Q2 funded loan volume is expected to remain flat, revenue is projected to grow by approximately 15%, yet management expresses caution regarding macroeconomic uncertainties, emphasizing the potential need for deeper cost cuts in response to rising interest rates.
See More
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- Earnings Announcement Schedule: Better Home & Finance Holding (BETR) is set to release its Q1 2023 earnings report on May 7 before market open, with consensus EPS estimates at -$1.61 and revenue expectations at $47.71 million, indicating significant profitability challenges ahead.
- Earnings Forecast Downgrades: Over the past three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates have faced three downward adjustments, reflecting a waning market confidence in the company's future performance, which could impact investor sentiment.
- Market Reaction Analysis: Given the declining earnings outlook, BETR's stock price may come under pressure, and investors should closely monitor market reactions post-earnings release to assess whether the company can achieve growth in a competitive financial landscape.
- Financing Dynamics: BETR recently announced a $60 million public offering, a move that may aim to bolster liquidity for future business development, but it could also raise concerns regarding the company's financial health.
See More
Better Launches Home Equity Card to Streamline Financing Process
- Home Equity Card Launch: Better Home & Finance Company unveiled the Home Equity Card at Stripe Sessions 2026, designed to streamline the connection between home equity financing and spending, enabling users to efficiently tap into the $21.4 trillion in available home equity.
- Cost Reduction in Borrowing: The new card aims to eliminate the friction of traditional high-cost unsecured debt by allowing users to draw funds directly from their secured HELOC, thus enhancing flexibility and efficiency in fund utilization without waiting for disbursements.
- Cashback Incentives: Cardholders can earn 1% cashback on eligible purchases, which not only enhances the appeal of home equity spending but also provides additional economic benefits, modernizing household financial management practices.
- Strategic Integration Plan: The Home Equity Card is part of Better's broader strategy to build a fully integrated AI-native home finance platform that connects origination, funding, spending, and planning, with plans to offer it to all approved HELOC customers starting in Summer 2026.
See More
Better Home & Finance to Release Q1 2026 Results on May 7
- Earnings Release Schedule: Better Home & Finance Holding Company will issue its Q1 2026 results before market open on May 7, 2026, highlighting the latest advancements in its AI-driven mortgage and home equity finance platform.
- Conference Call Details: Company leadership will host a conference call and webcast at 8:30 a.m. ET to discuss the results, ensuring investors receive timely access to critical information.
- Investor Relations Website: Investors can register for the live webcast through the company’s website, with the registration link provided in the announcement, underscoring the company’s commitment to transparency and investor communication.
- Technological Innovation Context: As the first AI-native mortgage platform, Better has funded over $110 billion since 2016, leveraging its Tinman® platform to streamline the loan process and enhance customer experience, demonstrating its leadership in the fintech sector.
See More
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- 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
BetterLife Appoints Doug Drysdale as Executive Chairman
- Leadership Change: BetterLife Pharma has appointed Doug Drysdale as Executive Chairman, who previously served as CEO of Cybin, successfully advancing the company from molecule inception to Phase 3 trials in just three years, showcasing his exceptional leadership in the biotech sector.
- Strategic Value Enhancement: Drysdale's addition is expected to bring global leadership experience and a rich background in executing successful transactions, significantly strengthening BetterLife's strategic insights and operational capabilities, thereby driving long-term shareholder value creation.
- Equity Incentive Plan: The company will grant Drysdale stock options for 3.5 million shares at an exercise price of $0.065, vesting monthly over 24 months with a 10-year term, aimed at attracting and retaining executive talent to foster company growth.
- Innovative Drug Development: BetterLife focuses on developing BETR-001 for treating neurological disorders, which is in preclinical and IND-enabling studies, featuring unique self-administration characteristics that are expected to eliminate regulatory hurdles and provide strong momentum for future growth.
See More
Better Home & Finance Holding Company Q1 2026 Earnings Insights
- Loan Volume Growth: Better Home achieved approximately $1.64 billion in funded loan volume in Q1 2026, reflecting an 89% year-over-year increase, indicating enhanced competitiveness in the market, although macroeconomic pressures may impact future growth.
- Revenue and Cost Dynamics: Revenue from continuing operations grew approximately 52% year-over-year to $47.5 million, despite an adjusted EBITDA loss of approximately $19 million, highlighting the need for improved cost control alongside revenue growth to achieve profitability.
- Strategic Investment and Expansion: The company plans to cut at least $25 million in annualized costs in Q2 and expand warehouse capacity by 48% to $850 million, aiming to enhance operational efficiency and support future business growth.
- Market Outlook and Challenges: While Q2 funded loan volume is expected to remain flat, revenue is projected to grow by approximately 15%, yet management expresses caution regarding macroeconomic uncertainties, emphasizing the potential need for deeper cost cuts in response to rising interest rates.
See More
Better Home & Finance to Announce Q1 Earnings on May 7
- Earnings Announcement Schedule: Better Home & Finance Holding (BETR) is set to release its Q1 2023 earnings report on May 7 before market open, with consensus EPS estimates at -$1.61 and revenue expectations at $47.71 million, indicating significant profitability challenges ahead.
- Earnings Forecast Downgrades: Over the past three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates have faced three downward adjustments, reflecting a waning market confidence in the company's future performance, which could impact investor sentiment.
- Market Reaction Analysis: Given the declining earnings outlook, BETR's stock price may come under pressure, and investors should closely monitor market reactions post-earnings release to assess whether the company can achieve growth in a competitive financial landscape.
- Financing Dynamics: BETR recently announced a $60 million public offering, a move that may aim to bolster liquidity for future business development, but it could also raise concerns regarding the company's financial health.
See More
Better Launches Home Equity Card to Streamline Financing Process
- Home Equity Card Launch: Better Home & Finance Company unveiled the Home Equity Card at Stripe Sessions 2026, designed to streamline the connection between home equity financing and spending, enabling users to efficiently tap into the $21.4 trillion in available home equity.
- Cost Reduction in Borrowing: The new card aims to eliminate the friction of traditional high-cost unsecured debt by allowing users to draw funds directly from their secured HELOC, thus enhancing flexibility and efficiency in fund utilization without waiting for disbursements.
- Cashback Incentives: Cardholders can earn 1% cashback on eligible purchases, which not only enhances the appeal of home equity spending but also provides additional economic benefits, modernizing household financial management practices.
- Strategic Integration Plan: The Home Equity Card is part of Better's broader strategy to build a fully integrated AI-native home finance platform that connects origination, funding, spending, and planning, with plans to offer it to all approved HELOC customers starting in Summer 2026.
See More
Better Home & Finance to Release Q1 2026 Results on May 7
- Earnings Release Schedule: Better Home & Finance Holding Company will issue its Q1 2026 results before market open on May 7, 2026, highlighting the latest advancements in its AI-driven mortgage and home equity finance platform.
- Conference Call Details: Company leadership will host a conference call and webcast at 8:30 a.m. ET to discuss the results, ensuring investors receive timely access to critical information.
- Investor Relations Website: Investors can register for the live webcast through the company’s website, with the registration link provided in the announcement, underscoring the company’s commitment to transparency and investor communication.
- Technological Innovation Context: As the first AI-native mortgage platform, Better has funded over $110 billion since 2016, leveraging its Tinman® platform to streamline the loan process and enhance customer experience, demonstrating its leadership in the fintech sector.
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
