South Florida has always been as much of an attractive place to live as it is to invest in when it comes to real estate- Crypto Currency is about to take things to the next level!
THE SOUND OF THE BOOM
It started with the explosion of the crypto-currency market and the mainstream headlines internationally... Now the seductive, often volatile and unregulated world of crypto currency is already translating into new opportunities across South Florida- and this is just the beginning! www.williambmcclain.com
LEVERAGING CRYPTO GAINS INTO HARD ASSETS
Miami is likely to be one of the most successful markets for crytpo-currency real estate deals for a variety of reasons and because of this, certain agents including myself have embraced the "first wave" of buyers. Many of these buyers are leveraging new gains in the crypto world to purchase hard assets in the form of second home or investment properties.
The volatility of the crypto markets has created huge gains for early investors but the inherent risk of the market swings and potential hacking threats had lead some to re-invest in real estate throughout Miami Beach, and other popular areas.
WHY CRYPTO WORKS IN MIAMI REAL ESTATE
Another benefit of leveraging crypto currency in the South Florida Real Estate market is because we already have such an abundance of foreign owners and buyers who purchase as a safe haven from instability of their native economies. Countries from the Caribbean and Latin America including Venezuela as well as others such as Brazil, Argentina where national banks have lost credibility have seen wealth parked in South Florida in the form of condos and homes. Crypto-currency now gives this market of buyers and sellers and new way to maneuver around the risks of the financial institutions of their home countries.
With such a diverse demographic of nationalities acorss a relatively small area (including some of the more upscale areas Aventura, Bal Harbour, South Beach and Sunny Isles) it's no wonder that we're already taking the lead in crypto-related property sales. The open mindedness of the diverse cultures and their ability to embrace change is a driving force behind the crypto-currency phenomena.
While the initial phase has seen the majority of bitcoin owners converting their funds into fiat for the purchase, new deals are happening every day that are straight bitcoin transactions- and we expect to see this grow at an ever increasing rate.
LOOKING TO MAKE A MOVE?
If you'd like to discuss how you can transfer your Crypto-currency into an income producing "hard asset" in South Florida, feel free to contact me directly!
William McClain
Broker Associate and Luxury Specialist
786-234-3673
email: williambmcclain@gmail.com
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