Billionaire Bill Ackman: Crypto market sell-off leads to decline in US mortgage lender stocks; short-term panic impacts US stock performance.

Odaily Planet Daily reports that billionaire and renowned hedge fund manager Bill Ackman posted on the X platform, stating, "I underestimated Fannie and Freddie's (F2, the major U.S. mortgage lender) exposure to cryptocurrencies, not on the balance sheet, but on a shareholder basis. Think about the correlation between F2 and Bitcoin, and you'll understand what I mean. Forced liquidations and margin calls in the cryptocurrency market are driving the sale of F2 stock in the market. We don't own Bitcoin, but clearly in the short term, we have a proxy in the Bitcoin stock market. In the short term, technical factors may outweigh fundamentals. F2 is a case in point."