Property and Luxury Shopping for Bitcoin Millionaires

The purchase of a beach villa, a city apartment, or even investment property is typically paid for in local or foreign currency. However, it is also possible to use Bitcoin or other cryptoassets as payment. Since this is not a legal means of payment, both parties must agree. Bitcoin for real estate can be a beneficial deal structure for both the buyer and the seller. Crypto shopping describes the purchase of goods and services in exchange for payment in Bitcoin, stablecoins, or altcoins. It typically differs significantly from traditional commercial transactions where payments  made in US Dollars, Euros, or local currency. 

Offering such an approach as a seller or requesting it as a buyer of real estate requires a detailed understanding of what it means in practice, what the negotiation points are, and what the typical critical issues will be. If the sale of a property or the transfer of an apartment or condominium fails because of crypto financing, both sides lose reputation and money. A well thought out approach is therefore of paramount importance before starting with the implementation.

The promise of privacy and confidentiality facilitates the buying and selling of flagship properties and trophy assets such as superyachts, exotic cars, fine art, antiques and collectables, jewelry and diamonds. A reduced digital footprint is especially important for sensitive products and services. The non-surveillance privacy coin Monero has its use case where a quasi-cash and carry transaction is intended. This requires a deep understanding of what is possible and how far privacy actually extends. 

For cryptomillionaires, cryptoshopping not only offers the opportunity to make purchases outside of the usual banking channels. It also provides an exclusive environment beyond the ordinary. Luxury concierge services, limited editions and an elite membership for exclusive shopping opportunities complete the user experience. However, since it is also a shark tank, carefully prepared crypto shopping is paramount.

Transactions in which the parties do not have a full understanding of the legal and factual details are more easily enforceable. However, such details should not be naively and unwisely disregarded because they are highly relevant to the overall transaction risks and long-term consequences. A wise man learns from the mistakes of others rather than making them himself.

Misleading advertisements aka. Bitcoin washing, is the misuse of the Bitcoin brand by falsely associating activities and businesses with the cryptocurrency or its technological advantages without actually requiring or utilizing Bitcoin's characteristics or capabilities.. Bitcoin washing should not be confused with Bitcoin laundering, which has a completely different meaning. 

Real estate agencies and real estate platforms affiliated with BitPay or similar crypto exchange companies will predominantly promote their highly regulated services. Real estate buyers and sellers should be aware of the implications in order to make an informed decision on how to proceed. The devil is in the details, and a deep understanding of the opportunities in the market is worth its weight in Bitcoin. 

PUGNATORIUS S.A. is a private research practice and niche think tank incorporated under the laws of Panama. Founded in 2009 by Dr. Ulrich Eder, it develops unconventional solutions and unorthodox perspectives on Modern Digital Asset Protection Strategies. Its viewpoints and statements are being read and recognized by Bitcoin millionaires and people whose stealth wealth and quiet luxury lifestyle are kept outside of traditional banking channels.