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Bitcoins Now Welcome in L.A. Housing Market

Cryptocurrency, the new mysterious darling of the financial world, is now making itself known in real estate markets across the U.S., including Los Angeles.

According to a new article in The Los Angeles Times, a Cape Cod-style mansion in tony Manhattan Beach going for $3.225 million was purchased with about 3,300 bitcoins.

And get this: had the buyer waited another year, those 3,300 bitcoins would’ve been enough to buy a few more beach homes, some penthouse condos and a private island in the Caribbean!

As this currency slowly enters the mainstream, more and more real estate companies are accepting it as payment (even if they’re not entirely sure how it works.)

For the full article, click HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com 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.

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