Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

Bitcoin and many other digital assets have lost more than 80 percent of their fiat value since 2017. Despite this, the trend for people selling homes for cryptocurrency continues to thrive amidst one of the longest bear markets in crypto history.

The Real Estate and Crypto Asset Trend Continues in 2019

Its been one of the longest bear markets ever in bitcoin land, but digital asset proponents are trucking along with relentless faith hoping that the lows will eventually come to an end. Because of the price drop, the entire cryptocurrency economy has been affected as blockchain companies have suffered layoffs and cryptocurrency-related internet searches have dropped significantly. Not all crypto trends have been downwards however: people are still interested in crypto-focused conferences and over-the-counter (OTC) bitcoin volumes have been climbing. Another trend thats managed to survive is the real estate market and its newfound relationship with cryptocurrencies. Back in late 2017, when crypto assets were extremely valuable, people were selling real estate for bitcoin and other cryptocurrencies. And now, even after the 80+ percent drop in value, individuals and real estate firms are still putting homes on the market for digital currencies.

Properties Are Still Being Sold for Cryptocurrency Despite the Bear MarketA Saddlebunch Key estate located in Key West, Florida can be exchanged for digital currencies.Home Owners in Australia Are Still Selling for Cryptocurrencies

On Jan. 30, a regional news outlet reported how property in Australia is still being sold for bitcoin and other cryptocurrencies. For instance, Real Estate agency Ray White is selling a luxurious three-bathroom home in Surfers Paradise for $580,000 and the owner is willing to accept payment in BTC. In a suburb of Darwin, an apartment is selling for roughly 126 BTC or $600,000. The private listing says We are happy to accept Bitcoin or any other major cryptocurrency instead of Australian dollars for this property. Not only are homes selling for cryptocurrencies in Australia but people can purchase parcels of land with digital assets as well. Another listing located in the town of Helidon, Queensland has the homeowner seeking the equivalent of $86,000 paid in BTC. You can purchase this property entirely using bitcoins, the listing details.

Properties Are Still Being Sold for Cryptocurrency Despite the Bear MarketRay White Real Estate is selling a Surfers Paradise home for $580,000 which can be purchased with BTC.There Are People Listing L ...

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Tags: companies, Cryptocurrency, Property, Bitcoin, Still, Real estate broker, Market (economics), San Francisco, Helidon, Queensland