I've just joined the forum earlier tonight (UK), so hello to everyone.
I'm not rich but have sufficient bitcoin/crypto to be wondering about the possibility of buying a modest house/property/land if crypto continues to rise next year and property prices collapse significantly. So I was wondering about the potential to buy property with crypto, not just here in the UK (preferably), but globally?
Property prices are currently high and (crazily) going higher (here), but if the anticipated collapse happens next year I want to know my options, especially if crypto goes to new ATH during that period, as I hope/anticipate. Can you buy a house with crypto, or do I need to convert to fiat (£ etc.) before I do so? What are the tax repercussions, even if I can? Etc..
Any advice/thoughts welcomed, lest I skewer myself next year. Enjoy your weekend.
first of all there's possibilities to buy a modest house/property/land but it depend on owner, are the owner accept the crypto as payment and modest house/property/land go straight to using deed for land form. and second one regulation some country allow crypto as asset not payment system like in my country. maybe in the next few year some property agent will start using crypto as payment system