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Is Crypto The Future For Real Estate?
Buyers broke numerous cryptocurrency records in 2021, and 2022 looks bright.
“There is an upward trend of people using digital assets to buy luxury goods,” says Max Dilendorf, partner, Dilendorf Law Firm, who specializes in structuring real estate transactions using cryptocurrencies. “We represent a lot of clients in these transactions as lawyers and escrow agents.”
While Dilendorf recognizes that some sellers may be hesitant to take bitcoin or other cryptocurrencies by virtue of how new they are, “by accepting bitcoin for real estate or any other luxury good, you increase your chance of selling,” he says.
This article is provided for your convenience and does not constitute legal advice. The information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Prior results do not guarantee a similar outcome.
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