From Miami to Manhattan, the real estate world is under pressure to accept bitcoin. Savvy sellers are looking to cash out depreciating fiat, hoping to ride the decentralized cryptocurrency’s increasing value.
Manhattan Real Estate Accepts Bitcoin
“We were just shocked to find out how many people have bitcoin,” Ben Shaoul declared to Sebastian Kettley of Express. “I bought some myself last summer, and now I wish I bought more – who knew how this would explode?”
Mr. Shaoul of Magnum Real Estate Group explained how “We were approached by a buyer who has been collecting bitcoin for many years and was interested in using it to buy property. He said he really wanted to buy with bitcoin, so I spoke to my lawyers and the powers that be, and they said yes.”
The company focuses principally upon condominiums, ranging from 700,000 to 1,500,000 USD, in the heart of New York City.
He also claims to have had two more offers of bitcoin for condos, and intends to expand with advertising to bitcoiners as a result. “We are even thinking about advertising this now.” […]