Buying and Selling Property with Bitcoin?

Posted on Jan 07, 2018 07:04 PM EST
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Buying and Selling Property with Bitcoin?more big
Buying and Selling Property with Bitcoin?

When luxury brokerage Sotheby’s International Realty announced in September it had facilitated one of the first U.S. home sales for bitcoin, the dollar value of a single bitcoin equaled $3,429.

Since the sale of the home in Austin, Texas, for which the sales price was never disclosed, the value of a single bitcoin—a cryptocurrency backed by an online ledger called the blockchain—has quadrupled to over $14,600 and turned a swath of early adopters into millionaires in a matter of months. At one point in December a single bitcoin was worth as much as $19,200.

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