A Beverly Hills Estate Asks $ 65 Million, or The Bitcoin Equivalent, To Take It Off The Market

A house in Beverly Hills is being sold for $65 million, which is also being paid for in bitcoin. At the current exchange rate, this is ~1930 BTC – potentially the largest real estate sale using digital assets.

Michael Chen, founder of Luxford Development Group, a real estate development company, said cryptocurrencies are gaining popularity in such transactions because it is easier, faster and cheaper.

Million-dollar homes in Beverly Hills are not uncommon, but this $ 65 million Beverly Hills land at 1108 Wallace Ridge in the exclusive neighborhood of Trousdale Estates, officially accepted the Bitcoin equivalent to get it on the market.


submitted by /u/BitcoinWide
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