Hedge Fund Manager Will Accept Bitcoin for His $16 Million Manhattan Mansion

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According to Bloomberg, the president of New York hedge fund R.G. Nierderhoffer Capital Management, Inc, Roy Niederhoffer, is selling his Manhattan mansion consisting of six floors for bitcoin.

“I’m a big believer in Bitcoin,” Niederhoffer says. “I really am so bullish on it, and I want to own more of it.”

If someone were to pay in Bitcoin, Niederhoffer says he would cover his share of the closing costs in hard currency. Whatever the obligations and brokers fees are, I would pay in cash and keep the Bitcoin,” he said.

The 10,720-square-foot house in Riverside Drive is listed for approximately US$15.9 million in cash which at the current market prices translates to nearly 2,500 bitcoins.

Read More: https://news.bitzamp.com/hedge-fund-manager-will-accept-bitcoin-for-his-16-million-manhattan-mansion/