As cryptocurrencies hit record prices, investors cited the real estate sector as the main determinant of profit-taking. Bayram Tekçe, the founder of Tekçe Overseas Gayrimenkul A.Ş., stated that they sold more than 50 houses using cryptocurrencies in the last 2 months.
With the positive momentum of Bitcoin, international investors have started looking for new opportunities where they can take advantage of the rising value of money in the digital world. One of the most important investment areas in this area is the real estate sector.
Assessing the developments in the market, Bayram Tekçe, the founder of Tekçe Overseas Gayrimenkul A.Ş. said: “In line with our goal of being a pioneer in PropTech, paying with cryptocurrencies has always been on our agenda. With bitcoin values rising to record highs, we are offering investors a reliable and easy payment method, and we are facing a significant increase in demand in this space.”
We have sold more than 50 properties in the last 2 months
Bayram Tekçe stated that they have sold more than fifty properties with Bitcoin payment method in the last 2 months thanks to the record surge in digital currencies. Bayram Tekçe, who realized the world's first real estate sale using cryptocurrencies in 2017, added that the liberal economic structure in Turkey offers investors using cryptocurrencies many opportunities to balance their wealth, especially by using real estate investments as leverage.
Bitcoin, as the highest-volume currency on the cryptocurrency markets, was recently on the agenda with record sales prices. Bitcoin Halving, which took place for the third time on May 11, 2020, was intended to slow production and even out supply in the market. In the post-halving periods, Bitcoin is expected to increase in value as a medium of exchange and investment. In addition, factors such as the global outbreak of Covid-19, the American presidential elections or the increasing interest of companies in Bitcoin have drawn investors to the Bitcoin market, which is much more reliable compared to volatile markets. Bitcoin, any decentralized digital currency, continues to attract the attention of investors looking to keep their wealth safe.
