Hedge Fund Manager Willing to Sell His $16 Mln Mansion for Bitcoin

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Fri, 10/19/2018 - 17:36
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Alex Dovbnya
Roy Niederhoffer plans to further expand his Bitcoin holdings
Hedge Fund Manager Willing to Sell His $16 Mln Mansion for Bitcoin
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After owning a chic New York-based mansion for over five years, a prominent hedge fund manager Roy Niederhoffer is now selling the luxurious piece of property for $15.9 mln. According to Bloomberg, Bitcoin, the world’s flagship currency, is also among available payment options.

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Bullish on Bitcoin

Niederhoffer reveals that he’s, in fact, “a big believer in Bitcoin.” He already has the currency in his investment portfolio but now wants to buy even more of it. The hedge fund legend states that he would willingly accept Bitcoin for his house while all the closing costs will be covered in cash. Obviously, cash is also among the accepted means of payment.

Those who are able to shell out the abovementioned $15.9 mln will get a renovated six-floor house built by a 19th-century architect Clarence True. In order to grasp the luxury of this building, it’s enough to know that its cellar has been converted into a home cinema.

Real estate is dipping toes in crypto

Niederhoffer joins a bevy of real estate owners who open doors for cryptocurrencies. While the market remains in the doldrums, the interest for crypto is actually growing in this sector. Earlier, U.Today also
reported about an Australian who also jumped on the crypto bandwagon, asking 570 BTC for this house. Peter Maddison, the owner of the million-dollar mansion, reveals that he remains undeterred by the current market sentiment, claiming that Bitcoin is stabilizing.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.