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Hedge Fund Manager Roy Niederhoffer sells his 10,720 square foot townhouse on the Upper West Side of Manhattan for $ 15.9 million – and is willing to accept cash or bitcoin payments.
"I am a strong supporter of bitcoins," said Niederhoffer Bloomberg. "I'm really optimistic about it and I want to own more."
Niederhoffer is the chairman of R.G. Niederhoffer Capital Management Inc. in New York. He said that if a buyer wanted to pay for his home in cryptocurrency, he would pay the closing costs in cash and keep bitcoin as an investment.
"Regardless of the brokers' obligations and fees, I would pay in cash and keep Bitcoin," said Niederhoffer.
Despite the current slump in the cryptocurrency market, Bitcoin's evangelists will not be discouraged by their exuberant prospects for the fledgling industry.
Bitcoin payment for real estate is not new
Surprisingly, Niederhoffer is not the only real estate seller to accept payment in bitcoins from his home.
As the Inquisitr The millionaire Claudio Guazzoni of Zanett, a hedge fund specialist in Manhattan, recently put on the market his sumptuous Upper East Side townhouse for $ 30 million in cash or $ 45 million in cryptocurrency.
Although selling a multi-million dollar hotel in Bitcoin may seem odd, the trend of crypto-real estate has slowly begun to gain ground.
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In 2017, a Texas resident bought a house using only bitcoin for payment. This was the first real estate transaction ever made using only cryptocurrency.
The buyer's broker, Sheryl Lowe of Kuper Sotheby's International Realty, said the bitcoin deal was surprisingly easy.
"In 33 years of trading, I honestly could not hope that something so unique happens so easily," Lowe said in a press release. "In a few minutes, bitcoin has been changed to US dollars and the deal has been made!"
Bill Draper billionaire: Relax, bitcoin is the future
Bitcoin and other crypto-currencies have been roughed up this summer, but crypto enthusiasts like technology billionaire Tim Draper and Twitter CEO Jack Dorsey have said they believe crypto is here to stay.
Draper predicts that the market capitalization of cryptocurrencies will reach $ 80 trillion by 2023, while Inquisitr reported.
Tim Draper predicts #Bitcoin will reach $ 250,000 by 2022. He says that the #Cryptocurrency The market capitalization will eventually reach 80 billion dollars ????
That's 400x where we are now ???? https://t.co/FXS3iqfZ3Q
– CryptoCurrency News (@CryptoBoomNews) September 16, 2018
Despite short-term setbacks, crypto-currencies and blockchain (the technology behind bitcoin) will revolutionize the way people do business and transform the world.
"The Internet started in the same way," said Tim Draper. "There were big waves and then it collapsed. And then the next wave arrives concentrated but much bigger. I suspect that the same thing will continue here [with bitcoin]. "
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