Can you believe that real estate can be purchased using cryptocurrency?

Sona59

You all should know what cryptocurrency is, right? It's one of the popular topics lately. With the increasing popularity of cryptocurrency usage, more and more cryptocurrency investors are gradually turning to buying and selling real estate assets. I believe that after this transaction, more people will use cryptocurrency for these large transactions. Today, let's take a look at how Justin Bieber's manager sold his mansion for $18.5 million in Bitcoin.

You probably know who Justin Bieber is, but today's protagonist is his manager, Scooter Braun. Recently, he sold a property located on the shores of Lake Austin in Texas, which he purchased in 2020, for a value of $18.5 million in Bitcoin. This transaction became the largest cryptocurrency real estate deal in Texas history and one of the largest real estate transactions in the United States. The property is situated on approximately 1.9 acres, near Lake Austin, about 10 miles from downtown Austin. The residence boasts up to six bedrooms, herringbone-patterned wooden floors, and a view of the lake. Additionally, the property includes a guest house, a swimming pool, a glass house, and a private dock with two observation decks. It's truly an enviable mansion! However, Braun chose to exchange the payment in cash for cryptocurrency.

So, you must be curious about whether there are contracts or certificates for buying and selling real estate, right? Ryan Serhant mentioned that in the future, it might be possible to sign real estate contracts in the form of NFTs, just like many documents are currently signed in PDF format. It's estimated that NFTs could be used for future transactions, even for collecting rent. After reading this, I feel like investing in cryptocurrency; perhaps the future world won't involve cash transactions anymore. Currently, there are over a thousand types of cryptocurrencies in the market, and many believe they will be the key to creating a more equitable economy in the future. Remember, always invest cautiously!

Samiksha

Cryptocurrency is also becoming increasingly marketable.

Jafar224

Cryptocurrency can now be used to pay salaries. In the past, in the significant contract signed by the NBA's Brooklyn Nets player Ding Weidi, there was a clause stating, "Salary to be paid in Bitcoin."

Isha000

As long as both buying and selling parties agree, it doesn't matter what form of currency is used for payment.

Shri333

I believe that in the near future, the use of cryptocurrency will definitely become widespread in every corner.

977Iti

I don't have any of this stuff at all.