Man Buys California Home with Bitcoin, Makes $1 Million Profit
A buyer who purchased a house using bitcoin got a 25% windfall, thanks to this month’s jump in the bitcoin price between when the contract was signed and when the transaction took place. Sonny Singh, chief commercial officer at BitPay, shared the story in a recent Bloomberg Markets interview (MP3) with hosts Cory Johnson and Carol Massar. He said a real estate developer approached BitPay because a home buyer wanted to buy a house with bitcoin. The real estate developer wanted help in facilitating the transaction. “We’ve actually helped facilitate several bitcoin transactions for persons....
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A tech entrepreneur, John Sweeney, who made his fortune during the dot-com boom is putting his waterfront property in Tiburon, California on the market for a cool $3.6 million - payable in bitcoin. "I believe Bitcoin is going to change the world, and I'm ready to demonstrate my confidence by accepting the digital currency as payment for my one-of-a-kind home," said Sweeney, who has since relocated to his own private island in the Sacramento Delta. Marianne Bordogna with Keller Williams Realty in Danville, California sprinkles in all of the details: "John's home commands sweeping and....
The crypto community’s attention was recently drawn to a Shiba Inu (SHIB) investor who has made millions of dollars from the meme coin. The investor’s strategy again highlighted the benefits of conviction and patience in the crypto market. Shiba Inu Investor Makes Over $6 Million Unrealized Profit From SHIB On-chain analytics platform Lookonchain revealed in […]
A real estate buyer in California profited nearly $1.3 mln after purchasing $4 mln worth of Bitcoin with an intent to purchase a house in California. Earlier this month, BitPay chief commercial officer (CCO) Sonny Singh was approached by a real estate buyer based in California who wished to purchase a $4 mln house solely using Bitcoin. Singh and the BitPay team, which provides a wide range of Bitcoin services assisted the buyer and the real estate developer in coming to terms with the final settlement. At last, a $4 mln price tag was agreed upon to be fully paid in Bitcoin. The buyer went....
The 39th Governor of California Jerry Brown has officially signed Assembly Bill 129, the measure that sought to grant bitcoin and other digital currencies 'legal money' status, into law, Reuters reports. The news comes just weeks after the approval of the final amended version of the bill earlier this month through key votes in both the California Assembly and Senate. AB-129, which first received approval in the California Assembly earlier this February, sought to update a California law under which alternative forms of value such as rewards points, coupons and digital currencies were....
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