And they said bitcoin would never work as a currency.
While that might be true for small transactions - for now - real-estate markets across the US are increasingly demonstrating that bitcoin is a viable medium of exchange. Case in point: the seller of a luxury Miami condo will only accept payment in bitcoin. The asking price - according to real-estate listings site Redfin - 33 bitcoins, or about $550,000 at bitcoin’s present valuation.