Hedge Fund Manager Will Accept Bitcoin for His $16 Million Mansion

Mansion for sale – Roy Niederhoffer, New York resident and President of New York hedge fund R.G Niederhoffer Capital Management Inc is placing his 10,720 square foot mansion for sale.

The six floors mansion located at 40 Riverside Drive in Manhattan was bought by Mr. Roy in 2013, for about $12.9 million. Five years after its renovation, he has reluctantly put up the mansion for sale at $16 million; with payment to be accepted in either Cash or Bitcoin equivalent (2500 BTC) at this time.

Speaking on his crypto interests, he says:

I am a big believer in Bitcoin, I really am so bullish on it and I want to own more of it. If someone decides to pay in cryptocurrency, I sure will prefer it. Whatever the obligations and brokers fee are, I would pay in cash and keep the Bitcoin.

A New Trend for Adoption

The above mansion sale is one of many real estate purchases accepting Bitcoin and other cryptocurrencies as payment. This new trend is set to continue as more landlords have adopted crypto payments for either outright sale or rental properties.

Notably in September, a mansion in Malta (World’s Blockchain Island) had been put up for sale on CryptoHomes.io with only’ Bitcoin payment accepted by the owner. Just as six moths ago, a townhouse owned by another hedge fund manager Claudio Guazzon de Zanett was put up for sale at $30 million cash payment or $45 million in cryptocurrencies.

According to Zanett, the varying prices was to carter for any possible volatility in cryptocurrency value. He also stated he would accept a  variety of choice cryptocurrecies including Bitcoin, Ethereum and Ripple.

For these landlords and crypto enthusiasts alike, aside its appreciative value, they describe cryptocurrencies as a perfect fit for buying property since it eliminates intermediaries (middle men) through peer-to-peer payments and thus lower costs.

Many crypto and real estate advocates opine that the current use case will prove that cryptocurrencies are not just used for regular transactions or speculative purposes but can also be used to buy solid assets.

Would you accept cryptocurrency payment for your property? Share your thoughts in the comment section.

Written By

CryptoEnthusiast, CryptoEducator, Angel Investor, Writing Pro and Techie

60
Leave a Reply

avatar
60 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
43 Comment authors
ChrisappomMichaeltonMichaeltonJaviercipRenaldopoerm Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
MarcosChins
Guest
MarcosChins

what is tadalafil: http://tadalafilonline20.com/ tadalafil online 20

JasonJEX
Guest
JasonJEX
JasonJEX
Guest
JasonJEX

meds without a doctor prescription best online international pharmacies india

JasonSmeam
Guest
JasonSmeam

cheap viagra online mexican viagra
viagra price

JasonSmeam
Guest
JasonSmeam

viagra from canada viagra cost per pill
viagra without a doctor prescription

JasonSmeam
Guest
JasonSmeam

viagra over the counter viagra cost per pill
where to buy viagra online

JasonSmeam
Guest
JasonSmeam

where to buy viagra online buy viagra online canada
mexican viagra

MichaelHoope
Guest
MichaelHoope

http://valtrex10.com/ – buy valtrex without get a prescription online
drugs that cause ed

MichaelHoope
Guest
MichaelHoope

http://propeciafavdr.com/ – buy cheap propecia
ed therapy

KevinPrepe
Guest
KevinPrepe

buy real viagra online https://viagrapills100.com/ viagra without a doctor prescription usa

Terrylep
Guest
Terrylep

order ed pills buy ed drugs
cheap ed pills

Terrylep
Guest
Terrylep

ed help ed pills online
buy ed drugs

Petervex
Guest
Petervex

http://gabapentinst.com/# neurontin 800 mg cost

Petervex
Guest
Petervex

http://prednisonest.com/# prednisone tablets

Petervex
Guest
Petervex

http://gabapentinst.com/# medication neurontin

Petervex
Guest
Petervex
Petervex
Guest
Petervex

https://hydroxychloroquinest.com/# plaquenil generic brand

Rafaelhieva
Guest
Rafaelhieva

https://zithromaxproff.com/# zithromax cost australia
zithromax 500 mg

BillySkAva
Guest
BillySkAva

minomycin price: ceftin tablets
buy panmycin

Michaelbew
Guest
Michaelbew

buy medication online from india: usa pharmacy india overseas pharmacies shipping to usa

Michaelbew
Guest
Michaelbew

overseas pharmacies shipping to usa: indian online pharmacies review united pharmacy india

Michaelbew
Guest
Michaelbew

order medications online from india: india pharmacies online order prescription drugs from india

RobertrhypE
Guest
RobertrhypE

cialis ed pills: https://edpillsonline24.com/# best erectile dysfunction pills

RobertrhypE
Guest
RobertrhypE

ed pills for sale: https://edpillsonline24.com/# levitra pills

Danilorot
Guest

dating websites new
free adult dating sites

RobertrhypE
Guest
RobertrhypE

cialis pills: https://edpillsonline24.com/# cialis pills

TimothyJoutt
Guest

online dating sites
chat free dating site

TimothyJoutt
Guest

local personal ads
good free dating sites

Claudcog
Guest
Claudcog

purchase amoxicillin online: cheap amoxicillin – amoxicillin capsules 250mg

Claudcog
Guest
Claudcog

online clomid: clomiphene citrate – clomiphene online

Claudcog
Guest
Claudcog

how much is over the counter diflucan: diflucan 150 price – diflucan 200

MyronBrots
Guest

local women dates
free single chat

Claudcog
Guest
Claudcog

diflucan prices canada: diflucan – diflucan medication

PierreOptit
Guest
PierreOptit
GeorgeLof
Guest
GeorgeLof

ventolin tablets buy: ventolin for sale – ventolin online no prescription
buy ventolin online canada

GeorgeLof
Guest
GeorgeLof

tadalafil india pharmacy: tadalafil 20mg – tadalafil pills
ventolin 50 mcg

GeorgeLof
Guest
GeorgeLof

where to get valtrex prescription: generic valtrex for sale – valtrex without insurance
generic ventolin price

GeorgeLof
Guest
GeorgeLof

propesia: buy finasteride – propecia buy
how to get ventolin over the counter

GeorgeLof
Guest
GeorgeLof

where can i buy valtrex in uk: valtrex without a doctor’s prescription – valtrex pills for sale
ventolin from mexico to usa

GeorgeLof
Guest
GeorgeLof

valtrex online: cheap valtrex – valtrex 2000 mg
price of ventolin

JesseOxity
Guest
JesseOxity

http://edpillst.com/# herbal ed treatment
ed medications list

JesseOxity
Guest
JesseOxity

https://edpillst.com/# best ed pill
pills for erection

WilliamFergo
Guest
WilliamFergo

low cost online pharmacy erectile dysfunction pills – cheap online pharmacy
canadian pharmacy viagra 100mg

WilliamFergo
Guest
WilliamFergo

canadian pharmacy no prescription indian pharmacy paypal – us pharmacy
costco online pharmacy

Javiercip
Guest

tider , tider
tinder date

Richardscelm
Guest
Richardscelm

cialis without presciption in usa order original cialis online – cialis without prescriptions canada
buy cialis tadalafil tablets

Richardscelm
Guest
Richardscelm

generic cialis canadian ed pills – buy cialis now
cheapest generic cialis australia

Richardscelm
Guest
Richardscelm

much does cialis cost without insurance erectile dysfunction medications – buy cialis online viagra
find cheap cialis online

Richardscelm
Guest
Richardscelm

original cialis low price taking cialis soft tabs – buy cialis ebay
fastest delivery of generic cialis

Richardscelm
Guest
Richardscelm

canadian pharmacy cialis 20mg ed pills – original cialis low price
cialis for daily use