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Christie’s Shakes Up Real Estate: Now Accepting Crypto for Luxury Properties (NYT)
Christie’s Shakes Up Real Estate: Now Accepting Crypto for Luxury Properties (NYT)
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High-end brokerage Christie's just bulldozed another barrier for crypto elites—your digital millions are now welcome in the world of trophy properties. No more cashing out to fiat for that $50M penthouse.
The move signals a seismic shift in luxury asset liquidity. Suddenly, that 'worthless' JPEG in your wallet might buy a beachfront villa.
Traditionalists scoff—'Volatile play money!'—while crypto whales quietly add another exit ramp from the fiat system. The art market already bowed to crypto; real estate was the last holdout.
One hedge fund manager quipped: 'Finally, a way to launder my... I mean, legally purchase property with crypto gains.' The IRS declined to comment.
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