{"id":2166,"date":"2018-04-12T18:52:33","date_gmt":"2018-04-12T18:52:33","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=2166"},"modified":"2018-04-12T18:53:49","modified_gmt":"2018-04-12T18:53:49","slug":"new-york-townhouse-now-on-sale-for-45-mln-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/new-york-townhouse-now-on-sale-for-45-mln-in-cryptocurrency\/","title":{"rendered":"New York Townhouse Now On Sale For $45 Mln In Cryptocurrency"},"content":{"rendered":"
<\/a><\/p>\n A six-story townhouse on New York\u2019s Upper East Side is listed for sale for either almost $30 mln in\u00a0fiat\u00a0or $45 mln in cryptocurrency, the\u00a0Wall Street Journal<\/a>\u00a0(WSJ) reports today, April 11.<\/p>\n Blockchain<\/a>\u00a0seed and angel investor Claudio Guazzoni de Zanett has said that he will accept\u00a0Bitcoin<\/a>\u00a0(BTC),\u00a0Ethereum<\/a>\u00a0(ETH), or\u00a0Ripple\u00a0(XRP) for the property, noting the reason for the higher price in crypto – $45 mln vs. $29.95 mln – is due to the crypto market\u2019s volatility:<\/p>\n \u201cI\u2019m a true believer in these networks, but it\u2019s very volatile. They could be down 60% in two weeks.\u201d<\/p>\n<\/blockquote>\n Zannet founded hedge fund Zanett Asset Management in 1992 and in 2015 founded Lyster-Zanett, which his\u00a0LinkedIn<\/a>\u00a0describes as a \u201cmulti-manager Master\/Feeder Hedge Fund focusing on US small\/mid-cap equity markets + Cryptocurrency and BlockChain investments.\u201d<\/a><\/p>\n The townhouse currently listed had made the news last March when Zanett and his wife were\u00a0fined $8,000<\/a>\u00a0for listing rooms online as rental units for short-term stays of less than 30 days, which is illegal in New York.<\/p>\n Cities across the world are beginning to have properties listed in cryptocurrencies, as Bitcoin arguably\u00a0brings a certain hype\u00a0to a real estate deal. Cointelegraph\u00a0reported\u00a0on five cities where you could use crypto to buy real estate last fall, including Miami, Dubai, New York, Lake Tahoe, and Bali.<\/p>\n Bitcoin-only property deals have also come up, including a UNESCO World Heritage site\u00a0reported to be on sale<\/a>\u00a0in Ibiza last November for 1,850 BTC, and a Caribbean island\u00a0was listed<\/a>\u00a0last December for 570 BTC.<\/p>\n\n