More and more celebrities are turning to digital assets to buy and sell real estate. A new example of these; Justin Bieber's manager is selling his mansion for $18.5 million in Bitcoin (BTC).
Scooter Braun, a talent scout and media mogul known for his projects in the entertainment industry, sold his Texas mansion for $18.5 million, making it the largest cryptocurrency real estate sale in Texas history. In addition, this sale became one of the largest real estate sales made with cryptocurrencies not only in Texas but also in the whole of America.
Wayne Vaughan, CEO of Tierion, a blockchain data storage firm, reportedly purchased this property and paid for it in January 2022. It is also reported that this talent scout, famous for discovering Justin Bieber, bought the relevant house in 2020.
The Rise of Crypto in Real Estate
Famous and wealthy crypto investors are now also showing up in real estate, and the luxury real estate market is starting to peak. Although a new example comes from Justin Bieber's manager, it is also widely spoken that former mayor and lawyer Tony Buzbee announced that he put his Houston house up for sale and accepted payment with Bitcoin (BTC).
If we look at the examples in history, buying and selling real estate with Bitcoin (BTC) is not the first time. Magnum Real Estate Group announced in September 2021 that it would accept payments in Bitcoin (BTC) for CODA, a $29 million luxury residential project. In addition, Algocap Real Estate, a New York-based real estate brokerage firm, announced last year that it would accept payments for sales transactions with cryptocurrencies such as Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH).
Bitcoin price is hovering around $42,498.11 at the time of writing. The 24-hour trading volume is $21,400,992,534. BTC price is down -3.2% in the last 24 hours.