Bitcoin is now accepted a whole lot more than it was just a few years ago. There has been a lot of hype surrounding the virtual currency lately, particularly since the price of Bitcoin has been shooting up like crazy over the past few weeks. There’s no other way to describe it. While some say that this is a bubble, others continue to throw their weight behind Bitcoin. Take the owner of this Miami condo for example, the person will only accept Bitcoin in exchange for parting with the condo.
This penthouse condo in Miami has been listed on the real estate website for Redfin. Don’t be fooled by the $33 price because that’s just too good to be true for a property like this.
The seller actually wants 33 Bitcoins for the condo. At the existing price of Bitcoin, that’s about $563,000. The price of Bitcoin is very volatile so if there’s a temporary pullback, someone who has that much money locked up in Bitcoin can score a good deal.
The property has been described as a “spectacular 1 bed/1.5 baths Penthouse unit with high ceilings, unobstructed Biscayne Bay view & Miami skyline.” The listing mentions that the seller is “only accepting Bitcoin.”
This can turn out to be a disaster for the condo’s owner if there’s a big move in the price and it goes down significantly. On the other hand, they might make bank if someone does take the condo off their hands for 33 Bitcoin and the price continues to surge rapidly in the days to come.