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Week of Feb. 11th-Will Bitcoin Revolutionize How Real Estate Is Bought and Sold?

February 11, 2018

The past few months have been a crazy roller-coaster ride for bitcoin—and the folks who have the cryptocurrency. The value of the mysterious, paradigm-shifting bitcoin shot up nineteenfold from January to December of last year. It started 2017 at a valuation of $1,000 per unit, and ended it around $19,000. And then it all came crashing down, falling below $6,000 in early February. Feeling some motion sickness yet?

So what does this have to do with housing? Quite a bit, it turns out. Folks who began accumulating bitcoin before its meteoric rise have found themselves rolling in some newfound dough lately. And increasingly, some of them are unloading their riches on high-ticket purchases such as furniture, cars, even luxury homes, before bitcoin's high values come back to Earth.  Read more




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