Hedge Fund Manger Lists Multi-Million Dollar Townhouse in Bitcoin for a 50% Prem

[cryyptoexpert2020]

The real estate industry is increasingly embracing bitcoin as a form of payment. Most recently, hedge fund manager Claudio Guazzoni de Zanett has put his Manhattan townhome on the market for nearly $30 million in USD or $45 million in cryptocurrencies, according to a story in The Wall Street Journal.


Zannett is hedging his bets, attaching a 40% premium for paying in bitcoin versus fiat money to offset the volatility in the BTC price. Zannett, who is at the helm of the hedge fund that bears his name, is willing to take bitcoin, Ethereum or Ripple. Zannett told the WSJ

“I’m a true believer in these networks, but it’s very volatile. They could be down 60% in two weeks.”


Crypto Funds
Hedge funds that are invested in bitcoin and altcoins have been taking it on the chin of late, with leading crypto funds such as Pantera Capital having suffered declines of more than 45% in March, according to CNBC. Pantera generated returns of a whopping 25,000% since inception through year-end 2017. Pantera’s Chief Investment Officer pointed to the volatility.



reference: https://www.ccn.com/hedge-fund-manger-lists-multi-million-dollar-townhouse-in-bitcoin-for-a-50-premium/