PHOENIX — It could sound uncommon, however some imagine cryptocurrency is the following massive factor.
“I believe we’re breaking new floor,” mentioned Ben Hudye, chairman of the Hudye Group, a Scottsdale-based actual property firm.
Hudye and native actual property agent Johnathon De Younger of Russ Lyon Sotheby’s lately introduced they have been promoting 4 luxurious condos in Scottsdale and are prepared to just accept cryptocurrency as fee.
“(Hudye) realizes Bitcoin, Ethereum and digital property, usually, have gotten a mainstream asset class,” mentioned De Younger.
There are at present 4 condominiums on the market. The costs vary from $1.6 million to $2 million.
In the meantime, the cryptocurrency bitcoin lately traded for greater than $60,000.
In accordance with Hudye, he nonetheless has loads to find out about utilizing Bitcoin and different crypto property, however he believes they’re going to see extra of it sooner or later.
“On a scale of 1-10, I in all probability had a data of a few two, 45 to 60 days in the past,” he mentioned.
“In the present day, I might wish to suppose I am at a six so I am nonetheless not an eight or a 9 the place I am well-versed in it but it surely’s thrilling,” Hudye mentioned.
“It is extraordinarily thrilling and I can perceive why individuals have been concerned in it for as a few years as they’ve,” he added.
In the meantime, Sedona resident Ryan Nichols lately used bitcoin to buy a house in Arizona.
Nichols did not give too many specifics however mentioned he purchased into bitcoin a couple of years in the past and felt it was time to reinvest.
“I believe the timing was clearly proper,” he mentioned.
“It was sitting round $54,000 once I did the acquisition and we have been having one other worth as an alternative of getting all cryptocurrency,” he mentioned.
“it was a superb time to leap into the market and diversify a bit bit,” Nichols added.
Nichols admits a part of shopping for his $2 million house with bitcoin was to show that cryptocurrency is a viable choice.
He mentioned there’s lots of skepticism however compares it to different, extra frequent property like gold.
“You already know, bitcoin is like some other asset whether or not it is inventory, bonds, gold, or silver,” he mentioned.
He recommends individuals begin trying into it.
As for the luxury condos, officers informed ABC15 they have been getting lots of curiosity and inquiries.
