Sep 06, · Earlier this month, bitcoin trader Mike Komaransky listed his 9,square-foot mansion in an upscale Miami suburb for a little shy of 1, bitcoins, or $ million. Komaransky said he’ll also. Miami Mansion Sold For Bitcoins The transaction was made just in Bitcoins, which made it the second pure Bitcoin real estate sale in Florida and also the most expensive one ever. Michael Komaransky sold his seven-bedroom home and accepted only Bitcoin for it. Former casino mogul Jack Sommer is selling his mansion in Las Vegas for $ million or the equivalent in bitcoin. Bitcoin, a virtual currency that was invented in , has skyrocketed in popularity since the beginning of More and more vendors are now accepting it .
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And now the housing industry is starting to dip its toes into the water. A lot has changed since involving cryptocurrency in our day to day life.
When investing in cryptocurrency, you can either buy it as a long-term investment or start trading it. But what used to be known as a dark-web currency, it has increasingly started to become a traditional currency, used on an every-day basis. In the future cryptocurrency could be preferred to make expensive transactions in the real estate industry. It has no borders and can be transferred with a minimum of the third party involvement, which would reduce the processing and middleman fees drastically.
Naturally, this niche area of real estate is still not well-established and requires not only a cryptocurrency knowledge but also… pure luck. Another grey area is the matter of taxation — we are still not sure how properties purchased with bitcoin will be taxed and what are the legal implications behind it.
Until now, only a handful of houses has been sold with Bitcoin — the majority of these transactions happened in the US and the UK. And in , the couple also purchased a plum oceanfront property in Santa Monica that consists of a s cottage sandwiched between two massive neighboring mansions.
Records show that demolition permits have since been acquired for the address in question. At least 6 arrested as Trump supporters gather for DC protests. Australian fishermen rescue naked fugitive from crocodile-infested mangroves.
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