Crypto rich buyers are shifting the luxury home market

Crypto rich buyers are shifting the luxury home market
Spread the love

Shifting luxury home market

Crypto rich buyers are shifting the luxury home market

 

Crypto rich buyers are shifting the luxury home market source Wall Street Journal:
Crypto-rich buyers are shifting the luxury home market, as real-estate builders jump through hoops to accept crypto and sellers advertise accepting it

People who have made fortunes investing in digital currency, or who helped build the vast crypto industry, are the new darlings of the high-end residential property market. “The real money is coming from people making hundreds—maybe thousands —of dollars selling houses to be used as cryptocurrencies,” says Brian Kelly – head broker at Fidelity Real Estate Management Group and cofounder (with John Deere) Ofch’s online home management site The Hive Project. In just a decade he managed over 700 properties worldwide; now his virtual hedge fund manages $1.5 billion worth annually for investors with more than 100 million USD invested in all kinds if homes on their own land. His company had 50 clients last year alone ($750M+),

People who have made fortunes investing in digital currency, or who helped build the vast crypto industry, are the new darlings of the high-end residential property market

Go to Source



error: Content is protected !!