As we proceed from using commodities for wealth storage, to using dollars, to using Bitcoin and other forms of digital currency (ACH, electronic transfers, iPhone payments, PayPay, automatic bill paying), it becomes easier for crooks and to steal and governments to confiscate  the wealth.Real estate has the advantage of being very hard to duplicate, forge or transfer electronically.

Of course, the owner is a Billionaire, so this may very well be pocket change for him.Will appreciation make up the difference?

Just like those billionaires buying zero CAP properties in LA are not billionaires because they bought in LA, rather they are buying in LA because they are billionaires and cash flow is not a concern. 

Normally my competitive nature says second place doesn’t count but with regards to a billionaire named Elon saying Tulsa was the runner up to Austin for possible relocation, I’ll take it.

It is a commonly known principle in investing (for example - Bill Ackman, billionaire investor of Pershing Square Capital Management, talks about this) that it is not advisable to invest in businesses where a very high number of people can enter into said market and compete, naturally b/c the likelihood of significant capital return is low.

i worry someones going to take advantage of that and start mining a bunch of bitcoin using my electricity lol Property is in hawthorne in Los Angeles 

Right now we're in a unique storm where more people with money are wanting to put their capital into investments with a strong track record - the stock market has been volatile - crypto & bitcoin has been iffy lately - people want to invest and they may need someone like you to assist them. 

Like they are asking for 250$ to strt trafing with them .and iv to transfer my bitcoin to apogee to activate. 

Unless you're an eccentric billionaire.

They approached me as a potential LP and while the concepts sounded interesting, due diligence has turned up a whole lot of nothing.That said, he is a self-proclaimed real estate billionaire who has been in REI for 16 years and has purchased 20,000 units.