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Bitcoin Allowed by Real Estate Firm

January 6, 2014 Featured Posts, Real Estate News 40 Comments
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Manhattan Real Estate Firm, Bond New York, is now accepting Bitcoin as a means of payment when buying a home.

What is Bitcoin?  Have you ever heard of it?  Well it’s money.  It’s money that has no regulation that’s virtually on-line.  Bitcoin is really taking off and it’s no surprise to us over here at the National Real Estate Post.  We’ve been curiously watching Bitcoin in the news over here for a while now.

bitcoinWhat an interesting thing to consider.  Let’s say you made a million dollars worth of Bitcoin in a year.  Do you know what your tax liability is on that?  Nothing.  Yep, nothing.  Can you buy stuff with Bitcoin?  Yep, all kinds of stuff and now it appears houses are in that mix.  Everyday more and more companies are accepting Bitcoin as payment for their goods or services.

How do you pay with Bitcoin?  With your Bitcoin wallet.  Your wallet can be via the web, software, your mobile phone and now they are coming out with a hardware which is kind of like a credit card.  In fact right now in some Subway sandwich shops you can buy your pastrami foot-long with Bitcoin.

This is a fascinating thing to get your head around.  With the value of the dollar always being a concern, and the fear of world governments monetary policies causing problems, we bet you’ll see this whole Bitcoin thing get bigger and bigger.  Is it safe?  Who knows?  Naturally there are many detractors, but while they’re detracting, Bitcoin rages on.

Our thought is, now that Bitcoin is being accepted on a home purchase, who soon will it be before some young high tech whipper snappers come along and figure out how to provide Bitcoin mortgages?  The thought of it is very intriguing to say the least.  Let us know your thoughts about all this below!

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Frank and Brian

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