Can cryptocurrency change the future of real estate transactions?

[Erin Wicomb]

Bitcoin has officially become one of the largest bubbles in history. In October, Bitcoin was $6k per one coin. Just this last week, it reached above $17,000 per coin at its peak.

Cryptocurrency enthusiasts are calling Bitcoin the best “high-growth investment for 2018.”

But is it really?

Many people are taking advantage of the quick growth of Bitcoin and are even using it to  purchase real estate.

What are your thoughts on this? Do you think that this can shake up real estate? 

[Jack Medford]

Not sure in what way, but Blockchain technology will find an avenue into real estate. The technology and banking industries already recognize cryptocurrency (but more importantly blockchain) as a huge potential disrupter. I wasn't around for the dot com bubble, but from what I've read, and experienced in crypto, is that we are seeing a similar bubble appear. Nobody knows exactly what blockchain based technology will become the next Google or Amazon. However, everyone in the space recognizes that once the dust settles, a select few will win BIG. My biggest bets are currently placed on Ethereum and Monero, but I have money spread around to other interesting projects as well. 

Not sure how long this current bubble will last, but to your point about purchasing real estate with crypto, I've recently purchased 2 duplexes all thanks to my crypto holdings. I'm hoping the market continues through 2018, but I'm not so confident anymore. Too much main stream coverage is starting to hit the market. Once the minnows flood in, the whales will leave and take their money.