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Miami Real Estate Market Welcomes the Bitcoin

Bitcoin; by now most people have heard of this crypto currency, but very few understand how Bitcoins work.

While Bitcoins will never replace the good ol’ U.S. dollar, Bitcoins provide an alternative way to make purchases; and now, in Miami’s booming real estate market, they are becoming more acceptable.

According to a recent article in the Miami Herald, “Miami is an ideal market for Bitcoin, giving buyers and investors from South America, Canada, Russia, Asia, and the Middle East the opportunity to make their purchases quickly and smoothly.”

Of course, it helps to know WHAT a Bitcoin is:

"All Bitcoin transactions are recorded permanently on a distributed ledger called the ‘blockchain.’ This ledger is shared between all full Bitcoin ‘miners’ and ‘nodes’ around the world, and is publicly viewable. These miners and nodes verify transactions and keep the network secure. For the electricity they use to do this, miners are rewarded with new bitcoins with each 10-minute block (the reward is currently 12.5 BTC per block).”

Huh? For more clarity, it might help if you read the rest of the article, click HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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