Famous rock star Gene Simmons has revealed that he will accept cryptocurrency payments for the upcoming sale of his $13.5 million dollar mansion. The sale of the LA mansion is brokered by Berkshire Hathaway Home Services who reported that crypto payments will have to be “verified through closing costs, including taxes and commissions”.
The lead singer of Kiss, is no stranger to cryptocurrency. In a Youtube interview on the Altcoin Daily YouTube channel, Simmons stated that he owns bitcoin, ether, and litecoin, adding that he bought bitcoin when the price was around $10,000.
Simmons may have made significant cryptocurrency gains, however the famous rock legend has already amassed a reported net worth of $450 million from his business ventures along with the sale of over 100 million records.
“I have been an outspoken proponent of cryptocurrency from the beginning. It is the future of money, and it just makes sense to offer interested parties the option of using cryptocurrency to purchase the estate.” Simmons stated
The estate in question is situated in Las Vegas, and features views of the Las Vegas valley and the Strip. The six bedrooms, eight bath, property is located within the private gated community of Ascaya and has been the home of Simmons, after he purchased it almost two years ago for $8.7 million, along with the lot next-door for $2.4 million.
Simmons doesn’t appear fazed by the recent crypt market dip, however interestingly the accepted cryptocurrencies for the mansion did not include Cardano (ADA). Last year Simmons tweeted about his interest in Cardano, stating:
“I just bought $300,000 of CARDANO (ADA). I’m not a Financial Analyst and I’m not telling U to buy or not to buy. Simply letting U know what I am doing and what I believe in. Why? Because I believe it’s going up..and it’s always up to you to research & decide.”
Real estate agent Ryan Serhant commented on the trend for crypto real estate transactions, noting in an interview :
“I see a world very soon in which 50% of all real estate transactions are done with crypto, and where contracts are recorded on the blockchain and ‘signed’ as NFTs (non-fungible tokens),” Serhant noted. “Our agents are currently working on many wallet-to-wallet crypto transactions now, both in NYC and Florida — a trend you’ll read a lot about in 2022 as wealthy crypto holders look to diversify into hard assets.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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