A STUNNING mansion is on sale in Texas and the owner is expecting Bitcoin as payment.
You’ll need a lot of the cryptocurrency to make a purchase though as the home is listed for $27.5million (£20million).
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The impressive Bayou City mansion belongs to Houston trial lawyer Tony Buzbee.
Buzbee, a one-time mayoral candidate, will also be accepting other payments for the property.
His one-acre brick mansion is located in the fancy River Oaks neighborhood.
Part of its online advert states: “One-acre resort-like grounds filled with lush lawns, a pond, herb garden, boxwoods, and a sparkling pool and spa.
“Savant and Lutron controls, generator, security, integrated audio.
“Gated drive and a six-car garage. Brick facade, slate roof and exterior lighting add to the extraordinary curb appeal.
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“Close to River Oaks Country Club, Memorial Park, Galleria, Downtown and Energy Corridor. Bitcoin accepted as a form of payment.”
It’s thought the home was previously bought with cash.
Given the fluctuating Bitcoin market, buying a property in cryptocurrency could backfire on the seller or buyer.
Last last year one Bitcoin was worth around $67,500 (£49,800) but today it’s valued at around $43,415 (£32,036).
The current exchange rate means Buzbee’s mansion would cost about 625 Bitcoin.
Back in November, it would have only cost 407 Bitcoin.
The high-risk nature of cryptocurrency means it’s unlikely to become a popular form of payment for properties any time soon.
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In other news, Tesla has revealed that it’s been holding Bitcoin worth $1.99billion since December 31, 2021.
Microsoft has explained how users can protect themselves “from online scams and attacks”.
And, we looked into the weird world of ‘puffer jacket porn’ accounts.
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