According to a January 11 report by PANews, citing Coindesk, Nikolay Denisenko, co-founder of Lithuania's licensed crypto platform Brighty (formerly a chief backend engineer at Revolut), revealed that the company has facilitated over 100 transactions involving the direct purchase of European apartments using cryptocurrency for high-net-worth individuals. The number of clients served ranges between 100 and 150, and is growing rapidly. These real estate transactions mainly take place in the UK, France, Malta, Cyprus, and Andorra, with deal sizes ranging from $500,000 to $2.5 million. On average, these individuals spend about $50,000 per month, primarily to diversify their investment portfolios.
Over 100 High-Net-Worth Investors Use Cryptocurrency to Purchase European Real Estate
PANewsShare
Summary
Brighty, a cryptocurrency platform based in Lithuania, reports that over 100 high-net-worth investors have used cryptocurrency to purchase European real estate. Value investing in crypto is gaining popularity, with transaction amounts ranging from $500,000 to $2.5 million, primarily in the UK, France, Malta, Cyprus, and Andorra. The platform serves 100 to 150 clients, who collectively spend about $50,000 per month. With a strong risk-to-reward ratio, these investors are diversifying their portfolios through real estate investments.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.