Will Bitcoin Revolutionize How Real Estate is Bought and Sold? #investment #finance #realestate

Source:  Realtor.com

The past few months have been a crazy roller-coaster ride for bitcoin - and the folks who have the cryptocurrency.  The value of the mysterious, paradigm-shifting bitcoin shot up nineteenfold from January to December of last year.  It started 2017 at a valuation of $1,000 per unit, and ended it around $19,000.  And then it all came crashing down, falling below $6,000 in early February.  Feeling some motion sickness yet?

So what does this have to do with housing?  Quite a bit, it turns out.  Folks who began accumulating bitcoin before its meteoric rise have found themselves rolling in some newfound dough lately.  And increasingly, some of them are unloading their riches on high-ticket purchases such as furniture, cars, even luxury homes, before bitcoin's high values come back to Earth.

It isn't known exactly how many of these cryptocurrency home deals closed - anonymity is one of the main lures - but earlier this year realtor.com found 37 single-family homes for sale across the country billed as accepting bitcoin as a form of payment.

Check out the full story:
https://www.realtor.com/news/trends/bitcoin-buying-selling-real-estate/?iid=rdc_news_hp_carousel_theLatest

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