Property owner demand bitcoin for his $45 million property at Malibu, California

13/1/2018

Dr. Wei Tzuoh Chen is putting his 9,000-square-foot beachfront Malibu home on the market for $45 million.

It's a stunning masterpiece, designed by architect Ed Niles, unlike any other house on the ultra-luxurious divest of California beach. Angles jut out in every direction, most of the walls are windows, and a catwalk crosses the two-story ingression foyer connecting the upstairs bedrooms.

Perhaps most unusal, Chen is disposed to accept bitcoin as a component of the payment from a buyer.

The kidney specialist, who has lived in the Amalgamated States since the 1970s, verbally expresses he is fascinated with cryptocurrencies and considers them to be just as legitimate as a dollar, pound or yen.
"I've been fascinated since it commenced, and I'm always visually examining what's going on," verbalized Chen. "It's going to be the future. It just depends which one is going to be stabilized in the current market.

Do his neighbors cerebrate he's crazy?
"Oh affirmative!" he laughed.

Chen, who verbally expresses he has already invested in cryptocurrencies, verbally expressed he believes banks are on the verge of buying in, which would give more support to the cryptomarket. That, in turn, could push values even higher.

Chen is additionally quite pragmatic about the benefits of accepting a currency that is largely unregulated.

"According to current situation, if you buy the property with cryptocurrency, it's arduous to identify the cost of the authentic estate because it fluctuates so much," he verbalized. "The regime will have an arduous time to tax or put a property value on the house you are going to sell."
"I'm not saying it's safe. I'm just willing to take the risk for investment. Just like everybody else."
And that opens up the potential buyer market for his domicile. There may not be a ton of $45 million buyers, but there are more now than there were even a year ago, thanks to cryptocurrencies.

Incipient millionaires are now probing for ways to take some of the volatility out of their cryptogains, and brick-and-mortar authentic estate is the impeccable way.

And that opens up the potential buyer market for his domicile. There may not be a ton of $45 million buyers, but there are more now than there were even a year ago, thanks to cryptocurrencies.

Incipient millionaires are now probing for ways to take some of the volatility out of their cryptogains, and brick-and-mortar authentic estate is the impeccable way.