Sound Off: How common is the use of cryptocurrency for part or all of a real estate transaction in the Bay Area, and do you expect its role to expand or dwindle in the future?
A: How common? Not very. Do I expect the role to expand? Absolutely. There are a few important factors to know, acknowledge and accept. Bitcoin is the blue chip of the cryptocurrencies and it’s also extremely volatile. If this asset class survives, which I believe it will, bitcoin will most likely be the international crypto monetary standard. This is a big leap as there are doubters. There are also many influential people who are believers and advocates including many in the tech industry here in San Francisco.
At the moment there are brilliant entrepreneurs and developers devising methods to buy and sell real estate with bitcoin.