Industrial Actual Property Tiptoes Again Into Crypto — And This Time, It Would possibly Stick
For a quick second within the final cycle, it felt like crypto and industrial actual property have been headed for an actual collision course. Then the bubble burst, the scandals piled up, and conventional actual property gamers retreated to safer floor.
However at this time?
Crypto is quietly creeping again into the actual property dialog — and the strikes are getting extra severe.
Earlier this month, Miami-based builders Rilea Group and Cipres closed a roughly $529,000 bitcoin deal for a apartment unit at their under-construction Rider Residences venture close to Wynwood. It was a direct wallet-to-wallet transaction — no banks, no conversions — simply crypto for keys.
Even the builders’ attorneys have been uneasy.
As Rilea Group President Diego Ojeda put it:
“We do assume that proper now could be the proper second to essentially be embracing this… It’s changing into a way more widespread idea that you just’re even listening to from the White Home.”
The fact is that after years of being handled like a punchline, cryptocurrency is as soon as once more discovering a foothold in actual property — this time bolstered by actual technological…
