Million Dollar Listing Miami Star Says Buyers are Cashing in Bitcoin to Buy Real Estate



The bitcoin frenzy is now making its way into the real estate sector.

Samantha DeBianchi, founder of DeBianchi Real Estate, based in Ft. Lauderdale, Fla. and a cast member of Bravo TV’s Million Dollar Listing Miami said some buyers are cashing in their bitcoin to buy real estate.

“There was someone in Texas who was buying a $4 million home and when he came to the closing table, he converted it to U.S. dollars,” she said, adding that he made an extra $1 million on the cash-out and bought a Lamborghini.

While sellers aren’t accepting bitcoin just yet – it must be converted to dollars – DeBianchi sees a world where real estate sellers will accept the cryptocurrency.

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Originally published at https://www.youtube.com/watch?v=RHXNYjY89Mw

The post Million Dollar Listing Miami Star Says Buyers are Cashing in Bitcoin to Buy Real Estate first appeared on Miami In - News and Local Updates.

Real Estate - Miami In - News and Local Updates originally published at Real Estate - Miami In - News and Local Updates