The Bitcoin fever is rising high, and it doesn’t require Elon Musk’s services or some other financial influencer hitting it off onto social media platforms anymore for its price to jump up or people taking peak interest in the cryptocurrency. It might sound odd, but the trend to acquire Bitcoin, as seen by various financial organizations and establishments of the sorts, has not toned down even a little bit. Only recently, the California-based real estate company that goes by the name Caruso properties has decided to invest in Bitcoin as the trend is not dialling down, and the curiosity of the financial organizations is rising high. 

It is not accepting Bitcoin as a payment option for the sake of renting its properties all across the USA, and they have officially added the digital asset onto the balance sheet. According to the CEO Rick Caruso, the establishment always wanted to accept Bitcoin as a way of accepting payments from the tenants and people who want to rent out places, and part of this attachment has to do with Elon Musk’s strong interest in cryptocurrency, which he doesn’t stop vividly demonstrating before the social media. 

Bitcoin will Help Caruso Properties Diversify its Portfolio  

According to a valid report, the company has partnered with regulated exchange Gemini and has officially added Bitcoin into its balance sheet around 1% of its total treasury, and due to some reason, they have not disclosed the original value of this segment. This, according to the Caruso properties, is a way of diversifying their investment, and that is the main reason why they have infused their business with cryptocurrency because let’s get it straight despite the volatility of the crypto market cryptocurrencies such as Bitcoin have a way of outperforming themselves from time to time. 

Further, clarifying the questions that were surrounding this decision that whether it was on tenants request that the company deemed it fit to take such a route or was it something else? To this, the company has stated that this amazing turn which they have taken is not fueled by the will of the tenants or something like that but is in line with the company’s own wish to diversify its portfolio, thus continuing with cryptocurrencies, such as Bitcoin.