April 17, 2021

California Real Estate Agency Will Start Accepting Bitcoin

One of Caruso's real estate tenants is billionaire and Tesla CEO Elon Musk, whose company also added the ability to pay for your products with bitcoins.

CEO of a real estate agencyCaruso Rick Caruso said it will start accepting bitcoin rentals soon. The service will extend to both residential and commercial properties, Caruso told CNBC.

Caruso has invested part of the funds in cryptocurrency and entered into partnerships with major shopping centers The Grove in Los Angeles and The Americana at Brand in Glendale.

“We believe that cryptocurrency will not disappear. Bitcoin is the right investment for us. We have allocated a percentage of what usually goes to the capital markets for investing in bitcoin, ”said Caruso.

One of the tenants of Caruso real estate -billionaire and head of Tesla Elon Musk. Caruso does not rule out that Musk will be the first to pay rent in cryptocurrency, but adds that he has not discussed this issue with him yet.

Tesla added bitcoin payment for its products on March 24. Musk stressed that the company will not convert bitcoins received as payment into fiat currency.

At the same time, Musk called bitcoins “simply lessa stupid form of liquidity than cash savings. " The entrepreneur emphasized that Tesla's actions to buy $ 1.5 billion worth of cryptocurrency are recklessness that does not directly reflect his opinion.

Caruso CEO noted what he is doinga long-term bet on bitcoin and is looking forward to the next decade. Caruso also said that the company, together with Gemini, is preparing to present a loyalty program that will allow customers to earn cryptocurrency.