Bitcoin came into the limelight in 2009. Information went all over the world that there was a new way to pay for goods and services. However, its value against the dollar was still an issue. In fact, by the year 2011, one digital currency was being transacted for a mere $1.
As we are speaking, the price of Bitcoin has skyrocketed to unimaginable figures. Many people were skeptical when it was first introduced and thought that it was a bubble which could burst anytime. Several years later the cryptocurrency has proved every skeptic wrong. For anyone who was lucky to purchase at least 20 Bitcoin 5 or 6 years ago, they would be having an investment worth not less than $100,000 today.
Most companies such as Miami real estate are embracing Bitcoin. Samuel Strauch and other real estate professionals have discovered the benefits of using Bitcoin in conducting large-scale transactions.
The Processing of Small and Large Transactions
There has been a debate going on within the Bitcoin community as to whether Bitcoin should act as a store of value or just as a digital currency which is able to handle minimal transactions. Lucky enough, Bitcoin currently operates as both a store of value as well as digital cash hence making it very flexible to use.
History of Bitcoin
Bitcoin is a non-regulated and decentralized type of digital currency where people can use it to make transactions online with absolute anonymity. The founder of the currency is also not known but Satoshi Nakamoto is the fictitious name given to its creator. After the creation of Bitcoin, several other digital currencies have emerged. All Bitcoin transactions are recorded in an enormous public ledger also known as Blockchain.
Bitcoin and the Real Estate
The fees associated with traditional currency are probably what has lured Miami Real Estate and people like Samuel Strauch to embrace Bitcoin. Recently a Bitcoin trader listed his Miami house for 1,400 Bitcoins. The house owner said that he was ready to accept payments also through Zcash (another type of digital currency) or through traditional currency.
Samuel Strauch, Miami’s Premier Real estate agent
Samuel Strauch went to Hofstra University where he earned his undergraduate business degree. He also attended Harvard University and Erasmus University in Rotterdam. Samuel Strauch started as a banker but later turned his focus to real estate. He launched his own company in 2012 which has continued to grow in bounds hitherto.