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> The use of crypto in real estate purchases has a history dating back seven years, with BitPay helping facilitate the sale of a Lake Tahoe property that sold f
by jonas21 5y ago
> The use of crypto in real estate purchases has a history dating back seven years, with BitPay helping facilitate the sale of a Lake Tahoe property that sold for $1.6 million in BTC in 2014.
In case anyone's wondering, it was 2,739 BTC, which would be worth around $127M today.
See: https://www.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997 https://www.wsj.com/articles/lake-tahoe-property-sells-for-1...
- epa 5y agoThis transaction was actually facilitated by chamath palihapitiya who paid USD cash to a Bitcoin company who bought it and paid out the seller in USD cash. It was a publicity stunt to prop up Bitcoin and it worked.
- mgh2 5y agoPlease provide source to confirm this story
- epa 5y agohttps://mobile.twitter.com/AbhishekLpd/status/1364018410707963907 https://mobile.twitter.com/AbhishekLpd/status/13640184107079... "In 2014 I was buying land in Lake Tahoe and I told the sales guy I'll buy this plot if you let me buy in bitcoin because I wanted to promote bitcoin as a transactional infrastructure. That was 2800 coins. That's worth $140-150M today" - Chamath
- SevenSigs 5y agoLesson: rent and keep your Bitcoins...
- oenetan 5y agohttps://archive.is/tWVhm https://archive.is/tWVhm