Another case of selling a house with Bitcoin? Recently, a seller surnamed Meng in Zhongli, Taoyuan, posted information about the sale of a 56.61-ping elevator apartment on a real estate trading platform. It is worth noting that the owner accepts payment in Bitcoin.
(Prior summary:
Buying a house with Bitcoin: “18 BTC with change” in Taoyuan Guishan! The owner also accepts ETH and USDT.
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(Background supplement:
Interview with the “Bitcoin house seller”: I am a miner, supporting payment with the top ten cryptocurrencies, and I will not pay less tax.
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With the increasing number of cases of buying houses with Bitcoin in Taiwan, DooZone had previously reported that sellers in Xindian and Taoyuan Guishan were willing to accept payment in Bitcoin. Recently, another elevator apartment located in Zhongli, Taoyuan, with a title deed of 56.61 ping, is listed for sale on a real estate trading platform. The original price is NT$10.8 million, and the owner also accepts payment in Bitcoin.
DooZone has also contacted Mr. Meng and interviewed him to understand why he is willing to conduct transactions through cryptocurrency. It is understood that this apartment is located 5 minutes away from Zhongli Train Station and combines 2 units. It used to be a private gym, with a square layout, good living functions, and good lighting.
Located in the Zhongli community|Image source: Provided by the owner
Selling the house in exchange for BTC
During the interview, Mr. Meng revealed that he is 38 years old this year. When he was in his early twenties, he operated a pet shop in the Greater Taipei area. He had heard of Bitcoin when he was young and found it very interesting. Unfortunately, he didn’t have the opportunity to get involved. Later in 2017, he studied with friends and officially entered the field of cryptocurrency investment. His current main business is operating a homestay in Hualien.
In his words, Mr. Meng revealed his expectations for the future of Bitcoin or cryptocurrency. When asked if he accepts ETH payment, he said that as the second-largest cryptocurrency by market value, he is certainly willing to accept it.
Regarding the recent amazing surge in Bitcoin, DooZone asked if the choice to sell in Bitcoin is related to this. Mr. Meng denied this and said that choosing to continue investing in BTC is not influenced by market fluctuations:
Currently investing regularly
Regarding this transaction, he also has some imagination about potential buyers. He mentioned that many cryptocurrency whales, such as early miners who participated in ETH, may have a large amount of cryptocurrency and seek to diversify their investment portfolio by transferring some assets into the physical field. Choosing Bitcoin for buyers to pay for the house, Mr. Meng also openly admitted that he hopes to “reduce tax rates” and “avoid taxes” through legal means.
For personal cryptocurrency investments, Mr. Meng chooses a conservative approach. His strategy is to invest regularly in cryptocurrencies with larger market values. This shows his long-term confidence in the cryptocurrency market since joining the industry in 2017, as well as his rational response to market fluctuations.
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