Bitcoin is slowly gaining acceptance across the United States for use in real estate transactions. Many larger, mature markets are seeing an increase in cryptocurrency funded closings, and it’s only a matter of time before Nashville sees this too. Our equity gains are attractive to bitcoin investors seeking a more traditional, safe place to park their earnings from crypto-investments.
We anticipate a growing market in luxury Nashville properties like high rise penthouses and the mansions in Green Hills and Belle Meade. Over the next few years, we expect to see not only buyers interested in these transactions, but also sellers willing to accept Bitcoin without converting the payment to cash.
Until those sellers materialize (which will probably happen as a second wave of sales from the initial Bitcoin millennial investors realizing gains), converting cryptocurrencies to cash may be necessary using Blockchain, or an app wallet like Coinbase. Currently, it can also be difficult to find a title company that will hold bitcoin in escrow, so conversion is doubly beneficial.
Are you interested in exploring Nashville real estate investment with Bitcoin, Ethereum, Litecoin, or another cryptocurrency? Reach out and let us help you find the right vehicle to exploit Nashville equity gains today.