It seems like just yesterday that everyone was talking about Bitcoin and digital currencies. Just over 3 years ago, the digital currency market reached an all time high and Bitcoin was trading at almost $20,000 USD. Nearly a month later, prices fell and it appeared that this was all a fad.
But for those that have held onto their investments, it appears that Bitcoin is going back up. This time experts predict that the price of Bitcoin can reach a staggering $100,000 USD. So what does this all mean for the real estate market? Well if you’re like me, then things are about to get crazy again.
But this time things might be different. Rather than everyone focusing on just Bitcoin, more focus is being put on Altcoins, such as XRP, Ethereum and Lightcoins, to name a few. The Altcoin market is gaining a lot of traction and it looks like there are going to be a lot of newly minted millionaires pretty soon.
The question will be if buyers and sellers are going to start excepting crypto currency as the next wave of payments. And what will this all mean when it comes to transferring large amounts of money. Especially when buying a Luxury condo or waterfront home in Miami.