In December 2017, Jim Cramer, host of CNBC’s Mad Money and co-founder of TheStreet.com, announced that he had purchased a home using bitcoin.
This was a significant announcement because Cramer is a well-known figure in the financial world and his endorsement of bitcoin helped to legitimize the cryptocurrency.
Cramer made the purchase through an online real estate platform called Propy, which allows users to buy and sell properties using cryptocurrency. Propy accepts multiple cryptocurrencies, but Cramer used bitcoin to complete the transaction.
NOTE: This article is about speculation regarding the recent purchase of a home by Jim Cramer. There is no confirmation that this transaction occurred and it is not known if it involves Bitcoin or any other type of cryptocurrency. As such, readers should be cautious when considering any information related to this topic and should not make any decisions based on the content of this article. Trading cryptocurrencies carries a high degree of risk and investors should conduct thorough research before deciding whether to invest or not.
The purchase price of the home was not disclosed, but Cramer did say that he used approximately 1 bitcoin to complete the transaction. At the time of the purchase, 1 bitcoin was worth approximately $16,000.
Cramer is not the only one who has purchased a home using bitcoin. There have been a handful of other cases where people have used cryptocurrency to buy property.
However, Cramer is likely the most high-profile case to date.
The use of bitcoin to purchase property is still relatively rare, but it is becoming more common as the cryptocurrency gains legitimacy. With more people like Jim Cramer endorsing bitcoin, it is likely that we will see even more real estate transactions being completed using cryptocurrency in the future.
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