Christie’s Don Launch Crypto Real Estate with $1B Listings
Christie’s don launch correct crypto real estate division wey go handle luxury property deals with digital assets. Di new team get crypto specialists, legal advisors, and analysts wey dey support deals wey dem do only with Bitcoin and oda cryptocurrencies. Dis initiative follow better $65 million Bitcoin purchase of one mansion for Beverly Hills. Christie’s dey also use dia NFT auction platform and Ethereum-based payment systems. More than $1 billion worth of houses—from Los Angeles to Joshua Tree—dem don list for crypto payment. Di company dey find way to do crypto-backed mortgage financing and dem believe say within five years, cryptocurrency go drive more than one-third of residential real estate transactions. US Federal Housing Finance Agency don tell Fannie Mae and Freddie Mac to include cryptocurrencies as reserve assets for mortgage risk assessment without converting am to dollars. Dis move put Christie’s gidigba for front for crypto real estate adoption and e show say plenty institutions dey join body.
Bullish
Dis news dey good for Bitcoin. As Christie dem launch crypto real estate section and get over $1 billion for listings, e dey raise real-world demand and use for Bitcoin and other crypto monies. The US Federal Housing Finance Agency support make crypto assets get more official status, wey support long-term investment for big people dem. For short term, good vibes and more transaction go fit boost trading activity and price movement.