Cryptocurrency, Bitcoin & the Real Estate Market
Rob Gasca • January 24, 2022
Bitcoin and cryptocurrency is gaining popularity in usage and some real estate firms and developers are beginning to accept cryptocurrency in deals.
As Bitcoin and other digital currencies are gaining in popularity and usage, the real estate industry may increasingly look to capture a bigger share of that $2.5 trillion market. Residential firms and even some commercial firms are starting to publicly accept cryptocurrency payments in dealmaking. This kind of progress could lead to full crypto based deals for all different forms of real estate, commercial and residential alike. It is especially sensible in international deals due to bank processing and regulation. According to triple-a.io, 27,491,810 people in the US own cryptocurrency, which converts to about 8.31% of the country and that number is only going to rise. Of course, all of this isn't going to happen overnight, it's definitely going to take some serious optimism, but it is without a doubt something everyone should be watching.
Source: Puget Sound Business Journal
Read More at: https://www.bizjournals.com/seattle/news/2022/01/13/crypto-and-real-estate-housing-commercial.html
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