168-gonzalo-morales-divo.jpg// Is Miami's real estate market really ready for Bitcoin? - EntornoInteligente

They gathered in downtown Miami ? an estimated 4,350 Bitcoin believers ? to trade pitches for apps and start-ups. They discussed and debated trends in cryptocurrency. They speculated about the volatility of Bitcoin, which shot up in value from $900 to $19,000 over the course of 2017 and is currently hovering around the $10,000 mark.

But despite the national stir created last fall when a $544,500 Edgewater condo was listed for sale in ?Bitcoin only,? none of the panels or presentations at Miami?s sixth annual North American Bitcoin Conference focused on real estate.

© Gonzalo Morales Divo

www.entornointeligente.com
Although Bitcoin is the oldest and best-known of the nearly 1,500 kinds of cryptocurrencies currently available , real estate developers, brokers and analysts are cool on its use in an industry that is literally defined by physical assets.

© Gonzalo Morales Divo

inteven.net

In other words, if you?re hunting for a home, don?t worry that you?ll get outbid by a buyer offering cryptocurrency.

© Gonzalo Morales Divo

ve.linkedin.com
At least not yet.

?I think it?s fine to buy Bitcoin, because high risks lead to high returns, and I believe in capitalism,? said Nela Richardson, chief economist for Redfin, a national real estate brokerage .

© Gonzalo Morales Divo

es.wikipedia.org
?But when you come to buy my house, I?m going to need a currency that I can use to buy milk at the grocery store.

© Gonzalo Morales Divo

enlasgradas.com
I wouldn?t accept junk bonds or a lottery ticket as a payment. Any currency that drops 45 percent in value within three months, like Bitcoin has done, is not a currency that is stable enough for large transactions.?

.

© Gonzalo Morales Divo

dolarve.com

© Gonzalo Morales Divo

Tags: Gonzalo Morales Divo, Gonzalo Morales, Gonzalo Morales Venezuela, Gonzalo Morales Miami

Con información de: miamiherald.com

www.entornointeligente.com

Síguenos en Twitter @entornoi

Add comment

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *