Post
Topic
Board Bitcoin Discussion
Re: Paying house rent with bitcoin is it appropriate?
by
Nangiconference
on 27/01/2024, 22:34:32 UTC
Glancing through the article https://cointelegraph.com/news/bitcoin-rent-agreement-argentina-landlord-tenant one would conclude adoption is striving in Argentina. Paying for a house with bitcoin sounds to me a mistake or lack of financial knowledge. Bitcoin is better than Fiat. Bitcoin increases in value and fiat faces inflation. Why then would one spend Bitcoin instead of fiat on a house rent which may expire in few years? Accommodating the Bitcoin can birth the person more money to pay his next house rent. But fiat wouldn't add any interest in the bank. Moreover the house owner will not hold the Bitcoin.

Why would you have bitcoin and be homeless,what is the essence of keeping it. Bitcoin is money, and what is money money is anything generally acceptable as a means of payment for goods and services.
But it is pertinent to have a mutual and legal agreement between you and your landlord due to unforcing circumstances that may arise in the form devaluation of bitcoin price to avoid having an unequitable value for the rent you paid in the near future however if the price rises the landlord be at beneficial position.