IS CRYPTOCURRENCY THE FUTURE OF REAL ESTATE TRANSACATIONS?

I’ll admit, I wring my hands when I watch the jump in Bitcoin values and do the shoulda-woulda-coulda dance.  Like so many others, I’ve been sitting on the sidelines watching the crazy swings in value, and registering concern over the lack of certification and oversight, occasionally high transaction costs, and world governments beginning to chip away at its anonymity.  But increasingly I am seeing it accepted in transactions ranging from gift card purchases to real estate.  Recently, when a development of new homes in Hollywood advertised noting that Bitcoin payments would be accepted I had to ask myself, “What is the future role for cryptocurrency for buying and selling real estate?”

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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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