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Updated over 4 years ago on . Most recent reply

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Rich Drees
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Are you able to buy a house with bitcoins yet?

Rich Drees
Posted

I dont know how real estate transactions work yet, but are Bitcoins acceptable yet? Does it depend on the seller?

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Scott R.
  • Investor
  • Beverly Hills, CA
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Scott R.
  • Investor
  • Beverly Hills, CA
Replied
Originally posted by @Chris Gawlik:

Bitcoin is really bad. Just another fiat currency. Gets its value from what people think its worth. If investor confidence starts to fade the currency will drop like a rock. Its even worse then our own dollar. 

https://www.cnbc.com/2018/05/0...

It's bad? I dunno about that. I think it's still too early to tell.  The bitcoin I bought in 2016 is looking like a pretty good move. Buffet may not be a fan, but Chase, Goldman and other major institutions are now working with it. Quite a few hedge fund + analysts think we could be seeing quite a run up in the next few years. 

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