Source: Nasdaq —
We hear from Marc Roberts, owner and founder of E11EVEN Partners, about the rise of buying real estate with cryptocurrency, the factors driving this trend and some of the barriers that are still in the way of further adoption.
How is cryptocurrency playing a role in the real estate industry?
Crypto investors tend to skew younger than traditional stock market investors, on average 38 years old versus 47 years old. The acceptance of cryptocurrency within the real estate industry has attracted their attention and opened the market to a wider audience. With crypto, there is no downtime or waiting for a bank to open to initiate a wire transfer – the currency lends itself to the 24/7 pace that this demographic is accustomed to.