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Manager of J Balvin receives bitcoins for his house valued at USD 18 million

Colombia, Distrito Capital de Bogotá, Bogotá
Published 2 years ago
ID #1398
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Manager of J Balvin receives bitcoins for his house valued at USD 18 million
Colombia, Distrito Capital de Bogotá, Bogotá,
Published 2 years ago

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The famous manager of celebrities such as J Balvin and Justin Bieber, Scooter Braun, sold a luxurious house in Austin, Texas, United States, valued at over USD 18 million, in exchange for bitcoins. This is one of the most outstanding real estate negotiations made in cryptocurrencies in recent months.

According to a report by The Wall Street Journal, Braun, who represents, among other artists, Ariana Grande and Demi Lovato, sold his property to Wayne Vaughan, who is the CEO of Trierion, a cryptocurrency start-up, for USD 18 .5 million in bitcoin BTC. The curious thing is that the negotiation for that property took place in 2020, but it was not reported until recent days.

The property, of at least 7,689 square meters, is a few meters from Lake Austin. In addition, it has six rooms and wooden floors. It also has an annex, a swimming pool and glass-walled cabins.

The sale of the property of J Balvin's manager reinforces the narrative that Austin, in the southern United States, has been becoming a luxury market for real estate negotiations. That niche has been taken advantage of by cryptocurrency investors, like these famous ones, who have opened up to buying and selling digital assets.

Cryptocurrency real estate sales on the rise

Sales of houses and apartments using cryptocurrencies have been going on for a few years, but they have certainly gained momentum since 2021.

In recent days, CriptoNoticias reported that Gene Simmons, the famous rocker of the KISS band, accepted bitcoin for the sale of his mansion. It was a house valued at over USD 13 million, located in Las Vegas, Nevada, of about 1,000 square meters. The mansion is inside a property that exceeds 4,000 m², according to a specialized rock media outlet.

Real estate negotiations with cryptocurrencies are also common since companies in this sector announced that they were going to start working with bitcoin and other assets. This was the case of Caruso Properties, one of the largest real estate agencies in the United States, which said that it would enter the BTC market through the Gemini exchange, as reported by this medium.

Such a situation has been extrapolated to Latin America, where several negotiations have been closed supported by cryptocurrencies. In countries such as Panama, Colombia, Venezuela and Chile there have been cases of real estate sales accepting digital assets as a means of payment.

The trend of home sales in bitcoin continues to rise and, now that the movement of the famous manager of Justin Bieber is known, it is plausible that, at least in the United States, more news of this style will be given as the market continues. advancing and establishing itself in the various economic niches.

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    X-NODE Location

    Colombia, Distrito Capital de Bogotá, Bogotá
    Bogota Cl 34 Megacali