Bitcoin remains the most admired digital asset by many investors, within and outside the cryptocurrency space. The reason behind this admiration of the digital asset is not far from the fact that it is the most valuable cryptocurrency, and its price value has continued to plummet since it was first launched eleven years ago.
Institutional investment in the cryptocurrency has also continued to be high, as the digital asset has made its way into mainstream investment, with many large corporations investing their company’s funds into the asset to maximize profit. However, a famous real estate franchise- Caruso, has now announced that they invested huge funds in Bitcoin.
Caruso customers can now pay their rent in Bitcoin
In their official release, the real estate giant has now confirmed that they have invested a massive part of the treasury into buying Bitcoin. They have now partnered with Winklevoss brothers-owned Gemini Exchange, who helped them acquire their Bitcoin. The partnership with Gemini will also see them accept Bitcoin as rent payment from their customers.
According to the company’s official release, they believe that they are the first real estate firm in America to have taken such an approach and believe that it is one that will delight its customers. Speaking to the press after the purchase, the owner of the real estate firm- Rick Caruso, expressed his delight at now being one of the topmost institutional investors of Bitcoin.
Despite not disclosing the exact amount, the business investor confirmed that they had invested a considerable chunk of money into Bitcoin, as they see the digital asset as the future of money. Caruso confirmed that the invested funds, which was supposed to have been used for alternative investment option, will bring the organization the much-needed rewards, and he is delighted at the new investment. Caruso confirmed that he is a firm admirer of Bitcoin, as he believes that the digital asset is at the beginning stage of a glorious future.
Tyler Winklevoss believes Caruso is taking the right step
Caruso also spoke about the new adoption, which will see his company accept Bitcoin as payment for rent. The investor confirmed that they have been touting this idea in the last year, and he is glad that their customers, who are crypto holders, can now pay their rent via Bitcoin.
However, while confirming the new update, the Executive confirmed that the new payment method is an optional system, as the real estate firm is very much open to collecting their rents in fiat currency. Tyler Winklevoss, Gemini’s CEO, has also expressed his delight at helping Caruso and his company realize their ambitions.
The Bitcoin billionaire believes that with Caruso’s new adoption, they will be taking the real estate sector to another height, and he is delighted to be part of that ambition. Tyler also expressed his optimism about Bitcoin, as he believes that the digital asset will continue to prove its doubters wrong. Fortunately for Caruso, the Gemini boss has also offered to help him and his firm, should they ever need any form of cryptocurrency-related advisory service.
