PHOENIX – It might sound unusual, but some think cryptocurrency is the next big thing.
“I think we’re innovating,” said Ben Hudye, president of The Hudye Group, a Scottsdale-based real estate company.
Hudye and local real estate agent Johnathon De Young of Russ Lyon Sotheby’s recently announced that they are selling four luxury condos in Scottsdale and are ready to accept cryptocurrency as a form of payment.
“(Hudye) realizes that Bitcoin, Ethereum, and digital assets, in general, are becoming a mainstream asset class,” De Young said.
There are currently four condominiums for sale. Prices range from $ 1.6 million to $ 2 million.
Meanwhile, the cryptocurrency bitcoin recently traded over $ 60,000.
According to Hudye, he still has a lot to learn about using Bitcoin and other crypto assets, but he believes they will see more in the future.
“On a scale of 1 to 10, I probably had an acquaintance from about two, 45 to 60 days ago,” he said.
“Today I would like to think I’m six so I’m still not eight or nine where I’m well versed, but it’s exciting,” said Hudye.
“It’s extremely exciting and I can understand why people have been involved in it for so many years,” he added.
Meanwhile, Ryan Nichols, a resident of Sedona, recently used bitcoin to buy a house in Arizona.
Nichols didn’t give too many details, but said he bought bitcoin a few years ago and felt it was time to reinvest.
“I think the timing was obviously right,” he said.
“It was around $ 54,000 when I made the purchase and we were looking to have some other value instead of having all the cryptocurrency,” he said.
“It was a good time to go into the market and diversify a bit,” added Nichols.
Nichols admits that part of buying his $ 2 million house with bitcoin was to prove cryptocurrency is a viable option.
He said there was a lot of skepticism, but compares it to other more common assets like gold.
“You know, bitcoin is like any other asset, whether it’s stocks, bonds, gold or silver,” he said.
He recommends people start taking an interest in it.
When it comes to luxury condos, officials told ABC15 that they have generated a lot of interest and inquiries.