Bitcoin is already in retail and restaurants — so it was only a matter of time before the cryptocurrency took on real estate. That time is now. Bitcoin is slowly making its way into closings on everything from Lake Tahoe land in California to Manhattan condos to single-family homes in the heart of Texas.
“Our buyer has evolved, they’ve moved from mom and pops to young people who want to pay with various forms of payment,” said Ben Shaoul, president of Magnum Real Estate Group. “Cryptocurrency is something that has been asked of us — ‘Can you take cryptocurrency? Can we pay that way?’ — and of course when somebody wants to pay you with a different form of payment, you’re going to try to work with them and give them what they want, especially in a very busy real estate market.”
Shaoul is redeveloping a building on Manhattan’s Lower East Side, turning it into condominiums priced between $700,000 and $1.5 million. He admits that there is currently a lot of inventory in the market, and therefore having an edge over his competitors is especially key. Bitcoin, he hopes, will be that edge.
“I think the demographic of the crypto user is a younger millennial, but, that being said, you have a lot of people come over from other countries, who are buyers from different places, who like to trade in different types of currency. Not everyone wants to trade in dollars or yen or euros,” Shaoul said.
He intends to hold the bitcoins, rather than convert them to dollars. As an investor in the art market, where bitcoin is also increasingly present, he sees an opportunity to make even more money. Bitcoin has also been appreciating at lightning speed lately.
#Bitcoin #Realestate #cryptoeconomics
bitcoin price , bitcoin usd , bitcoin mining , buy bitcoin , bitcoin to usd , ethereum , bitcoin wallet , free bitcoin , btc , bitcoin cash , bitcoin value , bitcoin news , what is bitcoin , bitcoins , bitcoin kurs , bitcoin chart , bitcoin blockchain , bitcoin exchange , blockchain , bitcoin usd price , bitcoin euro , bitcoin stock , bitcoin rate , coinbase , bitcoin miner , bitcoin trading australia , how to buy bitcoin in australia , coinjar , bitcoin news , bitcoin price australia , bitcoin value , bitcoin price , how to buy bitcoin , best bitcoin wallet australia , bitcoin wallet australia , buying bitcoin australia , buy bitcoin , buy bitcoin australia , bitcoin in canada , bitcoin price canada , bitcoin price , buy bitcoin , buy bitcoin canada , how to buy bitcoin , bitcoin exchange canada , bitcoin wallet canada , coinbase canada , bitcoin to cad , buy bitcoin uk , buy bitcoin , bitcoin price uk , bitcoin wallet uk , bitcoin wallet , how to buy bitcoin , uk bitcoin exchange , how to buy bitcoin uk , us to bitcoin , bitcoin price us , bitcoin us dollar , us dollar to bitcoin , bitcoin to usd , what us bitcoin , buy bitcoin , us bitcoin exchange , what is bitcoin , bitcoin value , bitcoin price us dollar , bitcoin to us dollars , bitcoin news , bitcoin mining , bitcoin wallet , luno bitcoin, bitcoin growth fund , bitcoin cash 24-7 , bitcoin cash kurs , bitcoin cash price , bitcoin group aktie , ripple price , bitcoin segwit , satoshifree.in free bitcoin faucet , ajuda bitcoin , bitcoin fork , bitcoin hard fork , banking on bitcoin , bittrex , bitso , us real estate market , us map , us virgin islands , us bank , real estate us virgin islands , cheapest real estate in us , zillow , map of us , us open , most expensive real estate in the us , this is us , cheapest real estate in the us , us weekly , best places to live in the us , us magazine , us virgin island real estate , map of the us , best places to retire in us , this is us , zillow , most expensive real estate in the us , how many real estate agents in the us , real estate for sale , real estate agent , commercial real estate , real estate agents , real estate license , real estate rent , real estate school , florida real estate , real estate market , real estate jobs , real estate news , real estate listings , real estate rentals , zillow , zillow real estate , real estate management , real estate investment , realtor , real estate companies , real estate broker , houses for sale , toronto real estate , real estate commission , free real estate , real estate wa , dick pritchett real estate , gst impact on real estate , toronto real estate news , its free real estate , laffey real estate , toronto real estate market , indiabulls real estate share price , real estate school near me , real estate near me , real estate in turkey for sale , toronto real estate .