The cost of bitcoin continues to skyrocket as the US dollar, also known as the global currency, has taken a hit. Electric car manufacturing company Tesla made waves earlier this year after announcing it bought $ 1.5 billion worth of bitcoin and said it could continue to invest in cryptocurrency on an ongoing basis. . Tesla isn’t the first company to engage in bitcoin, and real estate companies are also part of the mix, staking their claim to the cryptocurrency world.
“My belief is that cryptocurrency is not just here today, but for tomorrow and many days, weeks and years to come,” real estate entrepreneur Jonathan Campau said in an interview. “We believe that crypto will continue to make its mark in global currency markets in the future and will remain a solid investment. This is one of the main reasons we invest a percentage of our profits in bitcoin.
Luxuri de Campau company has started to accept BTC and ETH as a means of payment for its residential and commercial properties. The private company is reinvesting a portion of those funds in a multitude of projects, including a financial partnership with other companies in South Florida. highlights the undeniable shift in mindset that many industries are starting to have about cryptocurrency, now and in the future.
There is also a growing movement on Wall Street that is starting to embrace this non-traditional method of financial trading. Capital Banks, like Morgan Stanley, gives access to Bitcoin funds to its wealth manager clients. Visa, Inc. is currently piloting a program that enables the use of cryptocurrency to settle transactions on its payment network. VISA plans to expand the program to allow more partners and transaction flexibility in the coming months.
The fact that major financial institutions do business with cryptocurrency adds significant credibility to its strength as a viable currency.
“This is a strong signal to the markets that it is not only growing in popularity, but that it will have a major impact on the retail and real estate experience throughout the 21st century and beyond, ”Campau said. He believes the COVID-19 pandemic will impact bitcoin but added, “It will be up to companies to offer incentives to improve the efficiency of cryptocurrency in the short term. At Luxuri, we offer our clients the option of paying in US dollars, bitcoin or a hybrid combination of the two.
Critics of bitcoin have generally questioned its market price, current volatility, and long-term potential as a valid currency. Campau adopts the new currency and says: “Let’s face it… entrepreneurs are the ultimate risk takers. I’m not making investments just for tomorrow, but for the next decade and beyond.
That’s the philosophy he brings to Luxuri every day, with hundreds of upscale homes in South Florida offering exclusive short-term vacation rentals. They have become the go-to supplier to celebrities and celebs due not only to their commitment to unique properties that feature artwork, distinctive decor and high-end amenities, but also their forward-thinking vision of the future – and that includes reality. of cryptocurrency.
You can follow Jonathan Campau on Instagram at @ luxuri.ceo and visit the Luxuri company website at www.luxuri.com.
Members of the Las Vegas Review-Journal editorial and press team were not involved in the creation of this content.