Pass it forward

South Beach, Miami .

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If you’re looking for a penthouse condo in Miami, and are sitting on a large collection of Bitcoin, we are only might have a deal for you.

A condo in Miami is selling on real estate website Redfin, seemingly for world prices of $33. But is in accordance with CNBC it’s actually 33 bitcoins, which is approximately $563,000 at current prices.

The description of the asset says it’s a “spectacular 1 bunked/ 1.5 bathtubs Penthouse unit with high-pitched ceilings, unobstructed Biscayne Bay view& Miami skyline” with the buyer “only acquiring Bitcoin”.

Image: Redfin.com

It’s not the first real estate property marketing that consents a cryptocurrency as pay, but it’s unique to encounter one that simply accepts Bitcoin, granted its volatility.

Originally envisioned as a peer-to-peer digital cash exchange structure, Bitcoin is currently largely used as increased investment. Due to the bottleneck of its system and high transaction costs, it’s nearly unusable for micro-transactions, which is why gaming collect Steam ditched it a week ago.

For a real estate sale of this evaluate, nonetheless, it’s perfectly alright — unless you figure in volatility.

Bitcoin’s price is currently at $16,684, up roughly 15% in the last week alone. And the style Bitcoin’s price changed this year, this condo “couldve been” selling for a million dollars — or a part of a million — next week.

Revealing: The columnist of this verse owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH .

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