Investor Grant Cardone sold his residence in Miami for 400 Bitcoins, or about USD 43 million. And in just 72 hours! What does this mean for the market?
Grant Cardone prefers bitcoins than a luxurious house
Cardone is an American businessman, financial influencer and author of books. He is also the founder and general director of Cardone Capital and Cardone Training Technologies, Inc. In 2010, he wrote the best -to -new York Times, If you’re not first, you’re last.
The transaction showed that Bitcoin is suitable for the implementation of this type of transaction – the cryptocurrency can be “poured” to another wallet within several dozen minutes. The bank transfer takes several (naps) hours.
The decision of the well -known investor also shows that Bitcoin gains a real value in the eyes of Wolves from Wall Street, confirms the role of cryptocurrency, which is already beyond speculation and enters the market of luxury goods.
The sale of the Cardone House reflects a broader trend on the luxury real estate market regarding the use of cryptocurrencies. The attractiveness of such transactions increases and brings real benefits. BTC payments are usually faster, cheaper and allow you to pay all over the globe.
It is worth adding that recently Zondacrypto announced that Ferrari was purchased through it. The transaction took place in Belgium and regarding the Ferrari F40 car worth about EUR 2.5 million. The vehicle was sold by Oldtimerfarm, a well -known Premium car dealer. The buyer paid part of the amount in Bitcoin, some in Ether, and then – with the help of Zondacrypto Pay – the funds were converted into euro.
Why is it worth paying cryptocurrencies?
But why is it worth opening yourself to cryptopal free? Small and medium -sized enterprises on the real estate and luxury goods market can use such transactions to strengthen their competitive advantage, attracting new buyers, whether cryptomillionaires or people from countries where banking has not developed. The Bitcoin network also improves various value transmission processes, enables payment without bank intermediaries, reduces dependence on intermediaries and ultimately increases operational efficiency.
Added to this is anonymity, which is provided by blockchain technology and intelligent contracts. This is especially important for rich people.
Grant Cardone’s decision is a breakthrough, because it shows that the wealthiest people in the world not only willingly invest in cryptocurrencies, but also accept payments in them.
