First it was Dubai, and now it's Turkey.
If you are in the market for a new apartment, particularly a high-end one (and you live in the right place), you may find yourself able to purchase it using Bitcoins.
Dubai announced about a month ago a new apartment project where Bitcoin owners would get first crack at purchasing the upscale apartments:
Turkey is now following suit.
The owner of the MiaVita Beytepe project in Ankara, Turkey, recently announced that it's luxury apartments are available for purchase using Bitcoin.
This development would mark the first time real estate transactions would be made using Bitcoin and cryptocurrency in Turkey.
The project manager, Erdal Daldaban, specifically had this to say:
"We decided to make sales via Bitcoin, which has recently attracted the attention of Turkish investors with its recent value route, considering that we could also attract the attention of our customers who appreciate their investments like this."
This follows an announcement last week that a house in Austin, Texas was sold for Bitcoin.
According to Daldaban it is the logical next step:
"Bitcoin and digital money has become an element that can no longer be ignored by the global economy."
Mostly due to its price increase and its adoption taking place around the world, I would assume.
However, this next quote by Daldaban was the most interesting in my opinion:
"Bitcoin is independent of monetary policies that control conventional currencies and acts on its own channel as it is not tied to any Central Bank."
That might be of particular interest to people in certain countries.
Could a perceived negative also a positive?
The fact that Bitcoin is not legal tender can also work in it's favor as it isn't subject to a lot of the rules and regulations that currencies in the region might face.
Therefore, one of the things seen as a negative as of late, can also be one of Bitcoin and cryptocurrencies biggest positives. In countries where rampant inflation and monetary debasement might be taking place, owning Bitcoin is a great way to hedge and protect your wealth.
A store of value if you will... imagine that.
Turkey officially declared Bitcoin "not a currency" back in 2013, but hasn't updated their official stance since that time.
Their reasoning being that it isn't backed by a central government. Perhaps that is also one of its biggest positives...
Stay informed my friends.
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