Casino Owner Selling His Home in Las Vegas for Bitcoin

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Casino Owner Selling His Home in Las Vegas for Bitcoin
Casino Owner Selling His Home in Las Vegas for Bitcoin

Casino Owner Selling His Home in Las Vegas for Bitcoin

In a welcome development, a former owner of a Las Vegas casino has come up with a great idea, now he is selling his home that is worth $7.85 million in exchange of Bitcoin. The owner of the home is a casino owner-turned-commercial developer. Accepting that Bitcoin is becoming a better option for transactions, he says that he will be charging in it from the buyer.

Jack Sommer, the owner of the house says that he got the idea to seek Bitcoin for his 25,000-square-foot mansion from two of his sons who are updated about the digital currency. He says that his two sons advised that there are several advantages using Bitcoin; the main advantage is that it can help him expand the market and add some notoriety.

Bitcoin which has been gaining a lot of momentum lately came to existence in 2009 and since then it has not looked back; rather, reaching to new heights. Recently, it touched the benchmark of $1200. Traders and customers prefer Bitcoin because using it can streamline international business deals and reduce the charges that are otherwise levied.

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Expanding the Reach of Bitcoin

According to some observers, although there are many people who have Bitcoin, they are unable to use them because it is still not accepted at so many places, particularly, in real estate only few people or companies are accepting it. In such a situation, Jack Sommer’s decision will help Bitcoin owners to spend their money and get hugely valuable assets.

The decision is expected to encourage other real estate owners and help them to a great extent as they can now lure new sections of buyers who though have Bitcoin don’t have many opportunities to invest. Real estate which is often considered one of the safest investments will attract Bitcoin owners to spend in quality investments.

The House Has Advanced Features

Additionally, the decision on the part Jack Sommer will help in increasing awareness of potential buyers, and could tap into new markets. The home which is an example of modern day luxury is fitted with marble from China, Iceland and Brazil, a full basement, staff quarters with Jacuzzis, and a secret garden, etc.

The home in the posh Spanish Trail Country Club has 39 air conditioning zones fed from a 120-ton cooling tower. It also has library shelves made of stainless steel clad in American cherry wood, and the view from the owner’s suite is of golf course fairways.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com