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Christie’s opens the Bitcoin & Crypto real estate division for the luxury housing market
Christie’s International Real Estate, one of the largest luxury houses in the United States, launched a new division dedicated to the management of real estate agreements in digital currencies such as Bitcoin, according to the New York Times report. The division allows buyers and sellers to conclude offers entirely with digital currency, without involving banks.
The new unit, led by the CEO of Southern California, Aaron Kirman, was created after several major sales of Bitcoin and Crypto properties. It includes a team of lawyers, analysts and cryptography experts to manage digital transactions.
This change comes after several sales of several million dollars involving bitcoinIncluding a property of $ 65 million in Beverly Hills where the buyer paid in crypto. Christie’s now lists more than a billion dollars of houses where sellers are ready to accept Bitcoin.
“The trend was obvious – the crypto is there to stay,” said Aaron Kirman, director general of a subset of Christie, whose siege is in Los Angeles in an interview. “It will only get fat in the coming years.”
This development comes in the middle of the growing federal support for digital assets. President Trump recently signed the law on engineering to regulate stablecoins, and the Chamber adopted the Clarity Act aimed at softening restrictions on the cryptography industry.
“Accepting the cryptocurrency reports an opening to innovative buyers, some of which are cryptographic millionaires and billionaires looking for active world to diversify,” said the owner of the invisible house Chris Hanley.
Bitcoin is used in real estate offers to maintain confidentialityOften through LLC funded with Bitcoin and Crypto. According to Kirman, some sellers never learn the identity of the buyer. Buyers completely bypass banks, using bitcoin as the main payment payment.
“We have really managed to protect the identity of buyers,” said Kirman. “And if my seller feels comfortable not knowing the identity of his buyer, then God bless America.”
The properties now listed for Bitcoin include the manor at the end of $ 118 million in Bel Air and the invisible house in Joshua Tree, at the price of almost $ 18 million. Discussions are also underway with banks to explore the funded funding by Bitcoin.
In the latest episode of Bitcoin for companies, the host Pierre Rochard and the CEO of Murano Global Investments, Elías Sacal, explore how Bitcoin disrupts the traditional real estate investment model.
This post Christie’s opens the Bitcoin & Crypto real estate division for the luxury housing market appeared for the first time on Bitcoin magazine and is written by Oscar Zarraga Perez.
