Post
Topic
Board Bitcoin Discussion
Re: Paying house rent with bitcoin is it appropriate?
by
pawanjain
on 03/02/2024, 15:22:33 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.



If we think from the tenant's perspective then spending precious bitcoin on rent won't sound like a good idea.
On the other hand, if I was the landlord then I would be more than happy to get the rent paid in bitcoin.
I would be getting bitcoin on regular intervals thus DCAing bitcoin automatically every month.