Post
Topic
Board Bitcoin Discussion
Re: 7 fact about bitcoin
by
Tytanowy Janusz
on 28/04/2023, 05:07:40 UTC
2. Brock Pierce took out the first Bitcoin mortgage in 2019
Brock Pierce, entrepreneur and former child actor of The Mighty Ducks fame, is said to be the first person to take out a fully crypto-based mortgage. The crypto enthusiast put up over 3 million BTC to buy a renovated chapel in Amsterdam, The Netherlands.

More recently, in the U.S., United Wholesale Mortgage announced it would accept Bitcoin and other cryptocurrencies as mortgage payments. It plans to roll out its crypto payment option by the end of the year.

3 million BTC? I think it was rather 3 million $ worth of BTC. 

Well, I don't think its a wise idea to take a mortgage using such a volatile asset that is built to appreciate in value over time thanks to its deflationary characteristic (mined BTC - lost BTC). It's much better to take a loan in the US, with its real negative interest rates.

Nice list, by the way.