Elon Musk has already bought Bitcoin, but will he spend it? The Tesla CEO could now pay his rent in BTC as his landlord now accepts cryptocurrencies.
As an entrepreneurial pioneer in the introduction of cryptocurrencies, Elon Musk could now take the next step and his rent in Bitcoin (BTC) pay.
There was no announcement of the “technoking” itself, but on Wednesday the Winklevoss twins announced a partnership between the Los Angeles real estate company Caruso Properties and the Gemini cryptocurrency exchange.
As part of the partnership Caruso wants to accept Bitcoin payments for rents on its various private and residential properties. The company’s partnership with Gemini also calls for Caruso to convert about 1 percent of its assets into bitcoin, according to the LA Times reported.
Caruso owns the property on which the Tesla dealer is located in the Americana, in the Brand Center in Glendale, California. Tesla boss Musk has so far shown himself to be a pioneer in the field of cryptocurrencies, at least among the eccentric billionaires.
After the company bought $ 1.5 billion worth of Bitcoin and accepted BTC as payment for its Tesla electric vehicles, would it be too much to expect Musk to pay his rent in digital currency?
Owner Rick Caruso said there hasn’t been a rush to pay rent with bitcoin yet. But he noted that the investment the company has made has already paid off.
“I think that’s a good hedge and has already turned out to be a good investment for us,” said Caruso.
Caruso appears to be planning for the future by opening up its properties to potential Bitcoin buyers. He compared the current state of Bitcoin to credit cards 50 years ago: a strange and often untrustworthy piece of technology that is commonplace in modern society today.
“I believe that Bitcoin and Blockchain will develop in the same way in the future. We want to be ahead of the times,” Caruso continued.
The CEO and co-founder of Gemini Tyler Winklevoss said his company was “excited” to see the use of cryptocurrencies expand into the real estate market. He also said this move would benefit Caruso and its customers.
“We are very excited to be working with Caruso as they continue to take the real estate sector to new heights as they embrace cryptocurrencies for the benefit of their customers and their own business operations,” said Winklevoss.