A house in Los Angeles will be sold and paid for in Bitcoin, for $ 3.2 million and the brokerage company will be entitled to a portion of the commission. This is a fairly large house with 5 bathrooms and 5 bedrooms, located in a sunny land in Southern California.

David Gerard, author of “Attack of the 50-Foot Blockchain” said:

“Bitcoin is an attempt to make a decentralized currency that’s electronic.”

He continued:

“For the purpose of buying things, think of it as a commodity that you can buy or sell for a given price in dollars. And if you’re making a large purchase, you can use it a substitute currency if the buyer will accept it. It’s not very good at being money, but people can and do use it a bit like money.”

Bitcoin’s worth has swung fiercely as of late — worth $45,000 per coin multi week, more than $60,000 half a month later.

The Realtor selling the home says the wild swings are being represented by necessitating that offers made in Bitcoin are at one and a half times the money cost.

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