Buying Real Estate with Bitcoin?

 

I’ve been hearing so much about Bitcoin in the last few months. Some good things, some bad. What I’ve come to understand is that Bitcoin is a cryptocurrency, which kind of just means that its digital. You can’t hold it, but you can use it just like money where it is accepted. Wow! So we can buy real estate with Bitcoin? In a short answer, YES!

I find Bitcoin so interesting and definitely want to learn a little more about it. In an article from CNBC, Ben Shaoul, president of Magnum Real Estate Group said, “Our buyer has evolved, they’ve moved from mom and pops to young people who want to pay with various forms of payment. 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.” It seems that timing is everything and thats how Bitcoin has made it’s way into real estate.

Read more from the CNBC article here.

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