• Do you have Bitcoin? In California’s Wine Country, $3.3 million in Bitcoin is used to purchase an opulent estate with vineyard views

  • According to a new listing, a multimillion-dollar property in California’s Sonoma County with panoramic vineyard views is up for sale for $3.3 million. According to the San Francisco Chronicle, the 4,400-square-foot, three-bedroom, three-bathroom property in Santa Rosa can be purchased in cash or Bitcoin (BTC).

    According to the listing agent for the property, Lisa Thomas, the seller has decided to accept Bitcoin, the world’s most popular cryptocurrency, joining a growing number of sellers who accept cryptocurrency as payment.

    “Our client is an expert in the field of Bitcoin. We had to look far and wide for an escrow and title company that could handle this, but they are finally catching up.”

    Thomas adds,

    “I believe we will see a lot more of [these transactions] in the future… Liquidity is required by those who hold digital currency.”

    Bitcoin is currently trading at $38,300 per CoinGecko, implying that the property’s asking price is around 86 BTC.

    According to the listing, the property sits on 17 acres and includes a main house with exposed wood-beam ceilings, cherry floors, and custom cabinetry. An outdoor kitchen, a pool, a wine cellar, and a one-bedroom cottage with an office are among the property’s other features.

    The Santa Rosa property is the latest multi-million-dollar property in the United States and around the world to be sold for cryptocurrency. A 33 percent stake in the Florida island known as Beer Can Island was auctioned off earlier this year, with the sellers accepting unspecified cryptocurrencies.

    The owner of a $2.19 million ocean-front property in the Florida Keys listed Bitcoin, Ethereum, Litecoin, and other crypto assets as acceptable forms of payment in June of 2019.

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