Whether it’s a bubble or bona fide, anyone who pays even cursory attention to the financial world can’t deny that bitcoin is a force to be reckoned with.
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Taking a Byte Out of Real Estate With Cryptocurrency
1. TAKING A BYTE OUT OF
REAL ESTATE WITH
CRYPTOCURRENCY
BENNAT BERGER
2. Whether it’s a bubble or
bona fide, anyone who
pays even cursory
attention to the financial
world can’t deny that
bitcoin is a force to be
reckoned with.
3. The decentralized digital cryptocurrency, a form of
payment comprised of lines of code, entered the
mainstream consciousness late in 2017 and has
remained a controversial topic.
4. So what does that mean for
real estate, where major, life-
changing transactions happen
every day?
5. Average people joining the
bitcoin revolution enjoy
the freedom from financial
institutions that
cryptocurrency offers.
Rather than a credit card
where you’re entrusting
your money to a network
of institutions, crypto is a
one-stop shop without
third party interests or
issuers taking their cut.
6. Today’s cutting-edge
homebuyer, armed with
bitcoin, can close as soon
as they find a property
they like, as long as they
have a seller willing to
play ball. Such expediency
is an undeniable
advantage.
7. Buyers hoping for privacy will find exactly what they’re looking for
with bitcoin and other cryptocurrencies as well. Encrypted payment
enabled by blockchain technology can give anonymous buyers the
complete discretion they desire.
8. Some influential names in real estate
proclaim to be intrigued by the Bitcoin
craze, but when pressed admit they don’t
want to tie their own money into
crypto. So where does that leave the
average homebuyer?
9. In a real estate world
prone to bubbles in its
own right, mixing bitcoin
into the equation may well
pile on risk to a situation
where buyers and sellers
would rather minimize,
not multiply, potential
hazards.
10. If the unpredictability of
cryptocurrency can be
held in check in the
future, expect this to truly
be the beginning of a
transformation in real
estate.