“Huge Price Reduction! Edina House Was 40 Bitcoin; Now, Just 38 Bitcoin!!”**

Proposed(?) Realtor Publicity Stunt

No, as a Twin Cities Realtor, I’m not holding my breath waiting for an email or text from a colleague trumpeting a price reduction — or even a list price — in Bitcoin.

As attention-getting as that might be (no doubt, what caused a client to suggest that to me recently).

Whatever Bitcoin is, it ain’t a store of value — and it certainly isn’t stable.

A month ago, at $10k/per, a home worth 40 Bitcoin would have had a fair market value of $400,000.

Assuming Bitcoin trips $20,000 sometime soon — a reasonable guess given it’s hyperbolic appreciation — that same house would be worth $800,000.

Go figure.

Literally . . . 

**In dollars, assuming a value (if you can call it that) of $20,000 per Bitcoin, that means the house was selling for $800,000, and has been reduced to $760,000.

See also, “Can You Buy a House with Bitcoins?“; “The Bitcoin Bubble”: Why I’m Rooting for Bitcoin to Go to $10,000, $20,000 or Even +$100,000(!!)” ; and “Bitcoin: Like Gold, Only Invisible.”



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