3 Tips on Bitcoin and Real Estate
Crypto currencies are trending right now, but they still leave people with many doubts, so here are some of the things you should consider if you are an investor and you plan to acquire Real Estate with Bitcoin.
Sellers are still not used to them. Even in Florida, which has become a great capital for Crypto Economy people that are selling are not planning to receive crypto currencies. For example, in specialized websites like Redfin only registered a 0,03 percent of Bitcoin mentions or some other sort of crypto currency as a means of payment. So, for now, one must wait.
There are no tax shortcuts. Even if transactions can be made in crypto currencies within the regulations of the IRS for the gaining of capital, taxes on the properties must be paid in legal currency, so previsions must be taken.
We must pay attention to signs. Experts such as Warren Buffett warn that this is a bubble that will bow up soon and in a bitter way, while companies such as Kodak have been reborn launching specialized crypto currencies (in their case one to assure royalties for photographers), what is true is that the common denominator here is uncertainty. Lack of transparency and volatility tend to be the main fears of people, as well as the lack of use in day to day transactions, despite many experts affirming that it can be an alternative to money as we know it today and not just a speculative investment. In any case, we must pay attention to these dynamics to see if the Real Estate market sets off with the crypto economy.