Caruso To Accept Rent In BTC, Allocate Portion Of Treasury To BTC
Major real estate company Caruso will be accepting rent payments in bitcoin and has allocated a portion of its treasury to BTC.The last few weeks have been excellent with Bitcoin, with financial giants like Goldman Sachs and Morgan Stanley indicating plans to allow clients to gain exposure to the cryptocurrency, among other bullish developments. And now, another mainstream development has indicated bitcoin’s rise. Per an L.A Times report from April 7, real estate giant Caruso, based in California, has announced that it will now accept rent payments in bitcoin and allocate part of its....
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Elon Musk will accumulate Bitcoin, but will he spend it? The Tesla CEO now has the chance to pay his rent in BTC following its adoption by the real-estate firm he uses. After becoming a corporate pioneer in cryptocurrency adoption, Elon Musk could be about to take the next step and begin paying rent in Bitcoin (BTC).While no announcement has been made by the “Technoking” himself, news broke on April 7 regarding a partnership between Los Angeles real-estate firm, Caruso Properties, and the Gemini cryptocurrency exchange, founded by the Winklevoss twins.Following the partnership, Caruso will....
Billionaire real estate mogul Rick Caruso has revealed that his company has invested in bitcoin for its treasury and will begin accepting the cryptocurrency for rent payment at its properties. Among the tenants of one of his properties is Elon Musk’s Tesla. Caruso said, “We believe that cryptocurrency is here to stay.” Caruso Going the Tesla Route, Investing in Bitcoin and Accepting It as a Means of Payment Billionaire real estate developer known for his lavish outdoor malls, Rick Caruso announced Wednesday on CNBC that his real estate company, Caruso Properties, has....
A massive LA-based luxury real estate firm has begun accepting Bitcoin for rent payments. In addition to loading up on BTC for its corporate reserves, the company has also tapped popular exchange Gemini to help build a crypto centric ecosystem for its retail, residential, and resort customers. Rick Caruso and Caruso Real Estate Tap Gemini […]
Turns out that paying for your rent and other utilities with bitcoin is every easy with a private and simple method that has been right under our noses. If you are a hardcore Bitcoin fan, then Satoshi's brain child is much more to you then just a speculative investment, or a cool new kind of database. It is akin to a new country, the country of the sovereign international people of the Internet, or something like that. As such you want to get paid and pay for everything only with your crypto coins. Or maybe you are traveling to a third world country and want to minimize your exposure to....
Bitcoin’s price is supported by “robust network fundamentals,” says ARK Invest. If more companies allocate a portion of their balance sheet to BTC, the price could skyrocket. The Bitcoin (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest. In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate 1% of their cash” to BTC. This scenario isn’t entirely unrealistic as support for the BTC network continues to....