By Michael Gerrity | World Property Journal
According to Redfin, cryptocurrency is starting to become part of the discussion with some clients buying and selling homes over the second half of 2017. Agents in Boston, Chicago, Houston, Philadelphia, Washington D.C. and several cities in California said they’ve had conversations with people about using cryptocurrency as part of their transaction. Currently, Redfin does not accept cryptocurrency as a form of payment.
Bitcoin, the first digital currency that works without a bank or middleman, surged 183.6 percent in the last month, from $5,870.37 per coin on Nov. 12 to $16,650.01 on Dec. 12, according to Bitstamp data. Its market cap is more than $293 billion, and while some analysts warn of a crypto bubble, others say Bitcoin could eventually compete against the gold market.