Tuesday, January 7, 2014

New York realtors using Bitcoin to fuel the real estate bubble

Never let it be said that businesses and investors will ever be short of opportunities to spend their money, especially in this era of Fed induced cheap currency.  Like foreign and domestic casinos that allow gamblers to bet on such esoteric things like what time the newest heir to the throne of England would be born, to Wall Street firms opening a bond fund to speculate on the success of ex-convicts, people with money will always be willing to seek profits when standard markets no longer look good.

So it should come as no surprise that a real estate broker in New York City is jumping on the Bitcoin bandwagon, and opening up a new channel for home buyers in the realm of luxury housing to use the digital currency to expand the re-inflated housing bubble and keep the exuberance going.

Read more on this article here....


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