29 Jan '17, 3pm

Bitcoin helped a home buyer make a $1.3 million profit off his home purchase

Bitcoin helped a home buyer make a $1.3 million profit off his home purchase

Why it matters to you While this may not be a common tale for bitcoin, it shows that the cryptocurrency is an increasingly accepted tender Sometimes, making a payment results in a big payday — for you. At least, if you’re making that payment with a volatile cryptocurrency that has a tendency to undergo rather large swings in worth. One bitcoin enthusiast managed to luck into not only a new house, but a $1.3 million profit as a result of his payment choices. Rather than taking out a mortgage, cutting a check, or arriving with a suitcase of cash, a recent California homebuyer decided to purchase a $4 million estate with the cryptocurrency. As Bitpay CCO Sonny Singh told Speaking to Bloomberg Markets , a real estate developer approached Signh and his company to discuss an offer for an expensive property made using bitcoin. Singh helped the developer understand the logistics o...

Full article: http://www.digitaltrends.com/business/bitcoin-home-buying...

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