Another Bitcoin Real Estate Case? Recently, a seller named Mr. 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 homeowner accepts Bitcoin as payment.
(Prior Summary:
Bitcoin Buying Houses: Taoyuan Guishan Townhouse Listed for “18 BTC with Change”! The owner also accepts ETH and USDT.)
(Background:
Interview with the “Bitcoin House Seller”: I am a miner and support payment with the top ten cryptocurrencies. Taxes will not be reduced.)
With the increasing number of cases of buying houses with Bitcoin in Taiwan, Dynamic Zone previously reported that sellers in Xindian and Taoyuan Guishan were willing to accept payment in Bitcoin. Recently, another case appeared on a real estate trading platform, with a 56.61-ping elevator apartment in Zhongli, Taoyuan, being put up for sale. The original price was NT$10.8 million, and the homeowner also accepts Bitcoin as payment.
Dynamic Zone also contacted Mr. Meng, the homeowner, 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 two units have been connected. It used to be a private gym, with a well-designed layout, good living functions, and lighting.
Residential community in Zhongli | Image Source: Provided by the homeowner
Selling a House in Exchange for BTC
During the interview, Mr. Meng revealed that he is currently 38 years old and had operated a pet store in the greater Taipei area when he was in his early twenties. He had heard about Bitcoin at a young age and found it very interesting, but unfortunately, he didn’t have the opportunity to get involved. In 2017, he started researching with friends and officially entered the field of cryptocurrency investment. His current main business is running a guesthouse in Hualien.
Through his words, Mr. Meng expressed his expectations for the future of Bitcoin or cryptocurrency. When asked if he accepts ETH as payment, he said that as the second-largest cryptocurrency by market value, he is certainly willing to accept it.
Regarding the recent astonishing rise of Bitcoin, Dynamic Zone asked if his choice to sell in Bitcoin is related to this. Mr. Meng denied this and stated that choosing to continue investing in BTC is not influenced by market fluctuations:
Currently, I make regular investments at fixed intervals.
Regarding this transaction, he also has certain expectations for 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 portfolios by transferring some assets into the physical realm. Mr. Meng also admitted that choosing Bitcoin for the buyer to pay for the house is a way to “reduce tax rates” and “avoid taxes” through legal means.
For his personal cryptocurrency investments, Mr. Meng chooses a conservative approach. His strategy is to make regular investments in cryptocurrencies with larger market values. This demonstrates his long-term confidence in the cryptocurrency market since entering the industry in 2017 and his rational response to market fluctuations.
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