“50% of real estate transactions will be in cryptocurrency within 5 years”, predicts this expert

The announcement is surprising: half of real estate transactions could be carried out in cryptocurrency by 2026! However, the one who risks this prophecy is not just anyone: the manager of a real estate company in New York, Ryan Serhant has sold more than a billion dollars of properties. He is also famous as an actor in an American television series: Million Dollar Listing New York, twice nominated for Emmy Awards.

We knew that there is an acute interest in purchasing virtual properties sold as a NFTs in metaverse such as The Sandbox – at the beginning of December, an Internet user spent $ 450,000 to be rapper Snoop Dog’s neighbor in this territory. It seems more surprising to learn that at the same time, cryptocurrency holders are using their assets to afford some nice properties in cities like New York. This is what Ryan Serhant reports in an interview given to the media Decrypt.

« This month, in New York City alone, we should be doing a business or two. “wallet-to-wallet” (from one crypto wallet to another, editor’s note). And six or seven more using an intermediary platform such as BitPay Ryan Serhant said. The latter wants to see a trend that will gain momentum. According to him, the major obstacle for the moment lies in the reluctance of banking establishments.

« If I tell them that my assets are made up of a mixture of Solana, Bitcoin and Ethereum, the bank will usually tell me it’s too risky a wallet, that they can’t lend on that basis, or maybe only about 25% »

However, Serhant is convinced that this reluctance will be quickly swept away and that the advantages will be more and more noticeable by institutions, in particular faster, easier purchases. And so Ryan Serhant wants to believe that by 2026, 50% of real estate transactions will involve cryptocurrency!