Just 2,500 Bitcoins will secure a prestigious address at 40 Riverside Drive in Manhattan. A house with a history from the late 19th century has undergone a five-year renovation and is being put on the real estate market for cryptocurrency.
President of the New York hedge fund R.G. Nierderhoffer Capital Management Inc, Roy Nierderhoffer, is selling his remodeled Manhattan mansion for bitcoin. Historical building with an area of 10,720 sq. ft. is valued at $15.9 million in cash or 2,500 bitcoin.
Cash will also be accepted, but Niederhoffer, who admitted to being a “big proponent of Bitcoin,” would prefer to receive the cryptocurrency. He is even willing to pay all commissions and brokerage fees in cash and keep the bitcoin if the transaction is carried out in cryptocurrency.
In Manhattan, Niederhoffer is not alone among crypto enthusiasts who prefer Bitcoin to fiat currency. Half a year ago, hedge fund manager Claudio Guazzono de Zanet decided to sell her townhouse for $30 million in cash or $45 million in cryptocurrency. In addition to BTC, offers in XRP and ETH were considered.
Recently, the sale and purchase of real estate for cryptocurrency has become a reality all over the world. In early September, the luxurious Palazzo mansion in Malta's capital Valletta was put up for sale for €3 million by a seller demanding payment in BTC only. This unique transaction became the largest real estate sale on the blockchain island.
Last week, real estate and land registration marketplace Propy announced its first blockchain transaction in Europe. They sold a mansion in Seville (Spain) for Ethereum to a buyer from France. The details of the transaction were not disclosed, but the marketplace is confident that cryptocurrency transactions are the future. The blockchain platform makes it possible to conduct an international transaction for purchase of real estate quickly and without unnecessary bureaucratic red tape, like a regular online transaction.
You May Also Like
Legalization of cannabis and the possibilities of cryptocurrencies
Less than two weeks after marijuana was legalized in Canada, citizens of the country began being denied entry into the United States due to the legal use of cannabis. Canadians became concerned that the United States' borders would be closed to them.
The US government pension fund invested in Bitcoin
The Houston Firefighters' Retirement Fund (HFRRF) has moved part of its portfolio into Bitcoin and Ethereum. Institutions are confident that the rise in the price of crypto assets is not over, so such an investment will bring good interest.
