From Buying Pizza To Buying A Condo in Manhattan. Bitcoin is Fast Evolving

[Boov]

This is the power of bitcoin that we cannot control, As more and more big companies continue to accept bitcoin, As well as popular personalities in various industries that will have an interest in investing in bitcoin. And it is certain that the government will see the importance of bitcoin and blockchain as well.

Yeah, I heard that starbucks already accepted cryptocurrency for the payment of every items, this could be a good news for everyone. All of the people will now realize that we cannot only buy pizza with bitcoin but rather a huge investment such as condo ,lot and many more. Wish I could buy that too soon with the amount of altcoin that I have.

[Edraket31]

This is the power of bitcoin that we cannot control, As more and more big companies continue to accept bitcoin, As well as popular personalities in various industries that will have an interest in investing in bitcoin. And it is certain that the government will see the importance of bitcoin and blockchain as well.

Yeah, I heard that starbucks already accepted cryptocurrency for the payment of every items, this could be a good news for everyone. All of the people will now realize that we cannot only buy pizza with bitcoin but rather a huge investment such as condo ,lot and many more. Wish I could buy that too soon with the amount of altcoin that I have.

We are already day by day adopting by famous and big companies, well in fact, Coca Cola also in the process of checking how they are going to adopt blockchain as their innovation in their company, so it can create more efficient and effective work on their end, which is a very good thing as this will be a good footstep in the business industry. Once Coca cola testify this helps a lot then it will be a big hit.

[Kakmakr]

I am also curious to know how this deal was structured to bypass local laws and regulations. In my country Bitcoin is defined as a commodity and not seen as legal tender, so you are not legally allowed to use it as legal tender, but they do allow you to use it for trades.

Large deals like this will surely draw a lot of attention from the legislators and the rule makers, so they might expect some push back from the government if it was done in the wrong manner. On the other hand, if you want to swap your car for a small house and the buyer and seller agree to that, then nobody can stop that from happening.  

[maydna]

That is awesome. Bitcoin has really evolved and becomes a new payment system method. People out there can used bitcoin to pay anything they want to buy with bitcoin. That is a small example of the used of bitcoin, and we will see another sample from day by day, and that proves bitcoin can work together with fiat. People can choose what they want to use to pay, whether for using fiat or bitcoin, and we see bitcoin can follow the existing payment method. People will soon know that besides using fiat, credit card, and debit card, they can also use bitcoin for the payment. And if we compare with the pizza story, then that news was big news for people who are involved in the economy field so that can open their eyes and mind that bitcoin can be another option to buying something.

[imstillthebest]

now thats cool  . i think this was the most expensive property sold in btc value that i ever saw because before i only saw someone who sold his own house and lot for about 39k usd   , it was on our own country actually  but its nice to see that expensive things are now being bought by btc and other cryptos  . soon people can now buy almost anything they want without the need of using thier cards and fiat  . these things can also help the price to go up which makes it even more cooler .

[leea-1334]

I've heard about this news and it's an amazing one. This shows that bitcoin is good for every transaction that we want to commit. It's not just for those beliefs about its bad past but we're now living in the modern days where bitcoin is good as the fiat as payment.
We're actually going to see more of this in the near future and thanks to those media that they're spreading the good news. Although sometimes they are the ones that spread bad news about bitcoin.

Not really,,, I love bitcoin but this kind of news does not get my blood pumping.

Bitcoin is not good for every transaction anyway,,, try paying for tea at my place where it will cost you less than 200 satoshi. If you are lucky you pay a small fee that costs about half that price. If you are luckier a coffee seller will not mind accepting 500 inputs of 200 satoshi a day;)

Yes I know Lightning but we all know nobody really is using it yet.

[maxreish]

It's great to hear about real estate buying through cryptocurrency payments. There is also one here in our country that also entered blockchain system which also allows buying and selling real estate property and accept crypto coins. Indeed a nice step for adoption in different fields. That pizza opened an opportunity that bitcoin payments is really possible.

[Fatunad]

Is the real estate tycoon hedging his portfolio from real estate to Bitcoin? He can accept fiat payment, but why Bitcoin?

The case might be either he's a btc enthusiast or just another big time investor who's trying to take the extraordinary risks and advantage of the speculated bull run in 2020. That's a huge amount for a btc payment I cant believe this transaction went smooth or maybe not?

[Google+]

I think if the seller gives the opportunity to make purchases using bitcoin then surely there will be many people who are interested in that information and I think the seller has understood what bitcoin is and doesn't want to waste that golden opportunity to be able to get a lot of bitcoin because I'm sure sellers have a mind that bitcoin can potentially be very expensive.

[Sadlife]

another scenario that must look at and for the non crypto people to evaluate.while they are denying the advantage of this currency still progress is happening.15$ million is not a small amount to deny that cryptocurrency is really making step towards future.

Is the real estate tycoon hedging his portfolio from real estate to Bitcoin? He can accept fiat payment, but why Bitcoin?

The case might be either he's a btc enthusiast or just another big time investor who's trying to take the extraordinary risks and advantage of the speculated bull run in 2020. That's a huge amount for a btc payment I cant believe this transaction went smooth or maybe not?

even what is his intention the thing is we must be thankful that he chooses crypto ways of payment than fiat,and with the broadcast happen,business owners might look at how this big deal goes for bitcoin and may consider using as well.

[garyrowe]

Real estate tycoon Ben Shaoul has sold a retail condo in Manhattan’s prestigious Upper East Side for $15.3 million in Bitcoin (BTC). The news was reported by New York real estate magazine The Real Deal on Nov. 1.

Shaoul — who is president of the Magnum Real Estate Group — sold the 11,400-square-foot property to a Taiwan-based entity “Affluent International LCC,” according to a person familiar with the deal.

https://ct.com/80eu

This is a welcome development and a huge stepping stone in bringing massive adoption of the use of bitcoin and other related cryptocurrencies into mainstream of the worlds economy in terms of carrying out daily transactions. This also further buttress the fact that cryptocurrencies can be used to carryout numerous legit businesses within any sector of the worlds economy. Intact BTC is here to stay as a means of exchange.

[CryptoBry]

Real estate tycoon Ben Shaoul has sold a retail condo in Manhattan’s prestigious Upper East Side for $15.3 million in Bitcoin (BTC). Shaoul — who is president of the Magnum Real Estate Group — sold the 11,400-square-foot property to a Taiwan-based entity “Affluent International LCC.”

This is not the first that a big real estate transaction happened using Bitcoin, nor will this be the last. Aside from real estate properties, there is a good market for cars and other luxurious goods with Bitcoin. Can this be because there is really a good number of millionaires in Bitcoin and that they, of course, prefer to use their Bitcoin with high-value purchases rather than waste them with a cup of coffee or grocery items? This is actually telling is the state of adoption with cryptocurrency, that it is a big success with high-ticket items but somewhat a failure with ordinary or everyday goods. Or is this not telling us that Bitcoin is really for the rich and not so much for the poor?

[yhiaali3]

Let's compare and imagine the topic:
2010: One pizza for 10000BTC at today's Bitcoin price is worth $ 90,000,000
In 2019: the prestigious Upper East Side Residence in Manhattan for 15.3 million $ in Bitcoin equivalent to 1700 BTC.
What a fair deal !!!! I mean the pizza deal !!!!!!
What a pizza that cost about 10,000 BTC which is equivalent to  90 million $ today. Would it have been possible for the man who bought the pizza at that price to imagine that the price of this pizza would be the price of the most expensive apartment in Manhattan. Definitely not otherwise he died after eating pizza directly.

[Darker45]

I appreciate hearing news about sealed transactions using Bitcoin as actual currency, such as this one cited by the OP. If my memory serves me right, there is also a particular sale of a real estate property here in my country which is also offered in Bitcoin price. There was in fact another one which was actually posted in our local section here in this forum which involves the sale of a resort for Bitcoin. I guess, these cases signify that Bitcoin adoption as a currency is indeed growing.

It's great to hear about real estate buying through cryptocurrency payments. There is also one here in our country that also entered blockchain system which also allows buying and selling real estate property and accept crypto coins. Indeed a nice step for adoption in different fields. That pizza opened an opportunity that bitcoin payments is really possible.

Are you referring to CEstates? I also want to know how they are faring. But if we dig a little about altcoin projects involving the sale, rent or whatever of real estates, many of them, if not all, are now in their terminal phase. Atlant, REAL, and more are now touching rock bottom. They all look dying.  

[Lucius]

Just think about the impact of the news, mainly for the Christian world and our point of view.
A church is sold for bitcoin, forget flats, penthouses, malls or anything else, a church!!!!!  

Many churches in Europe are for sale, this is nothing new, they are becoming empty buildings that almost no one enters. I do not see that Christians would be worried or rebellious about selling some church for Bitcoin, especially if it is a church in the UK (Anglican Church).

I realize this may be the first example of selling church for BTC (though we cannot be sure), but if we accept BTC is a currency, then it should be no surprise that the Church is beginning to think the same.

The former Roman Catholic Church of St. Joseph in Arnhem, Netherlands, one of hundreds of decommissioned churches, was turned into a skate park.

[samcrypto]

Just think about the impact of the news, mainly for the Christian world and our point of view.
A church is sold for bitcoin, forget flats, penthouses, malls or anything else, a church!!!!!  

Many churches in Europe are for sale, this is nothing new, they are becoming empty buildings that almost no one enters. I do not see that Christians would be worried or rebellious about selling some church for Bitcoin, especially if it is a church in the UK (Anglican Church).

I realize this may be the first example of selling church for BTC (though we cannot be sure), but if we accept BTC is a currency, then it should be no surprise that the Church is beginning to think the same.

The former Roman Catholic Church of St. Joseph in Arnhem, Netherlands, one of hundreds of decommissioned churches, was turned into a skate park.

Well, Catholic Church are rich in my country they own a lot of shares in stock market and one of the biggest stockholder of a well known company, if they see bitcoin as a good opportunity for sure they will invest as well. There are so many good services of every Church, they serve the community and they also need money to run their Church. Everyone can sell as long as they fully own it, bitcoin becomes a good currency now its a good choice for a real estate owner to transfer their property just to have bitcoin.

[darkangel11]

This is very good news. Buy using Bitcoin he bought himself free advertising in the news. Now people are repeating his name and he'll go in history as the person who wasn't afraid to buy a 15 million apartment for Bitcoin in times when it still was unstable.
The baad part of this deal is that he chose a very volatile period for Bitcoin. We are between bear and bull and it's hard to say how long this sideways trend will last. Also if he sold that between october 27 and november 7 he could he could have lost a 100k in minutes while trying to sell toe coins he got. When you're holding 15 million one minute you can be up 100k and a minute later down 200k.

[Shenzou]

This goes to show how far bitcoin has come from the state it was back in the begging, and it also show how easily and how smooth things become when transactions are bitcoin based, imagine if this guy tried to buy the mansion with fiat, it would have been a mess and it would taken him ages to get the money from his bank either cash or bank transfers, and with bitcoin it would have been a simple transfer that could be completed within hours if not minutes, and that is why bitcoin is extremely valuable asset that could change how we do these kind of large transactions and make our lives easier and the processes faster. 

[stompix]

~

Many churches in Europe are for sale, this is nothing new, they are becoming empty buildings that almost no one enters. I do not see that Christians would be worried or rebellious about selling some church for Bitcoin, especially if it is a church in the UK (Anglican Church)

I didn't mean it that way, probably I should have added a bit to that remarks....

I don't care about the church views but about the contrasts, nobody cares when a church is turned into a library but it makes the news when it becomes a skating ring, it's about the clashes of old and new.
And what better contrast than an old and church that is a symbol of the old times and devoted more to the spiritual side being bought with bitcoin, the symbol of new money, a thing that isn't physical either, and is one of the things announcing a new era.

[josephdd1]

This is certainly not the only real-estate deal that has gone through for Bitcoin, but it does help to underline its increasing value in today's world.

Somebody would rather have around 1,500 BTC instead of a condo in Manhattan, pretty crazy if you think about it.