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David Guetta is selling his $14 million Miami oceanfront condo and will take Bitcoin and Ether as payment.
David Guetta, a well-known French DJ, has listed his luxurious Miami Beach condo for sale and would take Bitcoin (BTC) and Ether as payment (ETH).
The three-bedroom, 2,528-square-foot oceanfront house is on the 37th floor of the luxurious Setai Residences condominium complex and is for sale for $14 million, or about 37.69 BTC at today’s pricing.
The property boasts two master suites, a panoramic view of the Miami skyline, 24-hour hotel service and amenities, including three oceanfront swimming pools, a sauna and a spa, to name a few. The sale is being hosted by Freud Group, a real estate investment firm that caters to celebrities.
This isn’t Guetta’s first foray into cryptocurrency. The DJ announced a collaboration with the decentralised virtual reality platform Sensorium Galaxy in September. Guetta’s decision to take cryptocurrency appears to be his own, since other properties featured on the website make no mention of cryptocurrency.
@davidguetta knows what’s up. His Miami pad is for sale. Can buy with #Bitcoin or #Ethereum. In general, not a good idea to part w/ disinflationary #crypto that consistently outperforms real estate… but smart folks like Guetta love to take it from you.https://t.co/uJdYQYTnwu
— Shaoky T 🔴🟠🟡 (@ShaokyCinemaBTC) June 11, 2021
The French DJ, who has multiple songs with more than 1 billion views on YouTube, bought the property for $9.5 million from New York billionaire Richard LeFrak back in 2018 and stands to make $4.5 million from the sale.
It appears that Miami is becoming a centre for opulent property transactions that take cryptocurrency. Last month, Ivanka Trump’s Arte Surfside luxury condominiums in Miami announced that it will accept payments in numerous cryptocurrencies, including Bitcoin and Ether.
On May 27, the company sold a four-bedroom penthouse for $22.5 million in cryptocurrency. It is apparently the largest crypto-based real estate sale to date, although the business did not divulge the buyer’s name or the cryptocurrency used to purchase the house.
Miami, which just held the 2021 Bitcoin conference, has transformed itself into a crypto-friendly city in 2021, thanks in part to its mayor, Bitcoin hodler Francis Suarez.
Suarez declared in January that he was “working day and night” to turn Miami into a “crypto innovation hub.”