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Author Topic: [2018-07-18] First property to accept bitcoin in Delaware, $1.75 sold.  (Read 41 times)
andrewk529
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July 15, 2018, 05:01:58 AM
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First property to accept bitcoin in Delaware, $1.75 million home in Newark sold

http://www.delawarebusinesstimes.com/1-75-million-property-accepting-bitcoin-sold/

First property to accept bitcoin in Delaware, $1.75 million home in Newark sold
 Alex Vuocolo  July 10, 2018  0 Comment  bitcoins, Michael Kelczewski, newark, Sotheby’s International Realty


A $1.75 million home at 93 Wedgewood Road in Newark — the first property in Delaware to accept Bitcoins as a form of payment — has sold, according to a Facebook post by Michael Kelczewski, a real estate broker for Sotheby’s International Realty.

The house sits on a 4.2-acre property and boasts amenities such as a five-car garage, backyard pool, wrapping staircase and marbled bathroom.

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July 17, 2018, 03:57:58 PM
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Perhaps there are a lot of property being sold out somewhere through bitcoins so I'm not surprise by this news. Maybe the one who bought it has been a early adopter or whales that already make tons of bitcoin/money. Real state has slowly been adopting crypto because there are numerous reports that most major real state companies has started accepting bitcoin specially last year when the price goes off the roof. Its going to be a slow process, but definitely a game charger.

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July 17, 2018, 06:32:37 PM
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If bitcoin every year grows substantially in price and it can be exchanged for fiat money, then of course, deals in bitcoin will be made, especially large transactions such as buying real estate, expensive cars, yachts, helicopters, etc. However, the buyer here obviously lost , because now bitcoin has fallen very much in price and by the end of the year it can rise two to three times in its value. However, the transaction may have been partially effected taking into account the soon rise in price of bitcoin.

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July 17, 2018, 07:15:33 PM
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Perhaps there are a lot of property being sold out somewhere through bitcoins so I'm not surprise by this news. Maybe the one who bought it has been a early adopter or whales that already make tons of bitcoin/money. Real state has slowly been adopting crypto because there are numerous reports that most major real state companies has started accepting bitcoin specially last year when the price goes off the roof. Its going to be a slow process, but definitely a game charger.
Not really a new thing in our ears but piling up these kind of purchases is really a good sign that those industry is gradually accepting it. No doubt that a certain bitcoin whales holder can easily purchase up that kind of amount. Sooner or later when bitcoin comes to a point where adaption rate is increasing we would see these kind of transactions and would just like a normal thing where we do saw on casual local fiat purchases.

Thanks for the share up OP!

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July 17, 2018, 07:17:15 PM
 #5

I looked at that one. Too much house, not enough land.

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