A BITCOIN BOOM IN LA REAL ESTATE?

Admittedly I am a bit cautious when it comes to financial matters.  But I am really having trouble with the bitcoin craze. With no certification, no oversight, no standardization, I think the risk is just too high.  It’s like a high-stakes Las Vegas gamble. And when it comes to using Bitcoin to pay for a real estate purchase, I literally wince at the thought of the seller who might find that the bitcoin price he negotiated has dropped 20% in value by the time his transaction closes.  That being said, more and more bitcoin- seeking luxury real estate listings are popping up around the country….


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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

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