American Gold Brokers: 50% of future real estate transactions will be paid in crypto with NFT contracts.

Ryan Serhant, Director of Investments in the United States, received an exclusive interview with Yahoo Finance on the 8th of this month to discuss the importance of cryptocurrencies in the real estate market. He even predicted that over the next five years, 50% of the US real estate market will be made up of cryptocurrencies.

He cites Lane Rettig, one of ETH's top executives, as an example. Serhant recently helped Rettig complete a $ 3.5 million apartment swap in New York City's Central Park. to buy real estate. He added: We are seeing more current buyers (crypto buyers) than in 2020 and the first half of 2021. After collecting wealth, people are thinking about ways to store it, and they The way is to transform it. in treasure. We are seeing a similar situation in the crypto community as people have cash withdrawals from banks and real estate investments to avoid inflation. Consumers are looking for other ways to distribute cash.

Serhant points out that these cryptocurrency rich have made a lot of money and can use the cryptocurrency to pay off 50-70% of their mortgage and pay off the balance in the United States.

“Most of these people go to the bank to get a score based on their W-2 salary, and they still can't buy a unit. Thus, cryptocurrencies open up ownership to many people. It's child's play. It's good ! "

50% of the US real estate market in 5 years will be in cryptocurrency

Serhant said he was completing a penthouse contract worth almost US $ 40 million in Lower Manhattan.

“Over the next five years, 50% of the US real estate market will be in some form of cryptocurrency. A lot of cryptocurrency exchanges will invest money in fixed assets, penthouses, etc. I think. at a very special time. "

Currently, the biggest problem for the adoption of cryptocurrencies is the uncertainty and inability to list them on the books of financial companies. Fast delivery from buyer to seller.

He also told foreign newspaper 'Dycrypt' today (17), "We plan to create 1 or 2 wallet wallets this month in New York and 6 markets that use Bitcoin payment services such as BitPay." he said. Seven offers.

Serhant pointed out that as more and more people enter the cryptocurrency space, this will become a new way to save money. In the future, banks might also be interested in crypto assets and start providing services, but the time is not yet right.

NFT signed a housing contract

Serhant also noted that non-fungible tokens (NFTs) could have important domestic applications in the future. He believes that now the real estate contract is still signed and emailed in PDF format over the internet as they were in 1996. We have not made any technological changes in the process of buying and selling real estate.

He predicts that blockchain technology will change that. In the future, contracts will end in the form of NFT. He added: We won't call it NFT and it will always be like we signed a contract. The process of holding, closing and monitoring contracts is done on a blockchain in the form of NFT, which opens the door for large investments and owners of high-rise buildings. In the future, NFTs could be used as a business as a whole and could also be used to collect rent.