The apartment in question is located in Miami, Florida, and sits on the sixth floor of a building that overlooks Biscayne Bay. The price is $14 million USD, and once finished the apartment will contain a sweeping terrace, a private one-bedroom guest suite, and a master suite that will boast a walk-in closet and separate en-suite bathroom.
David Guetta is a singer and multi-platinum artist that has spent the last few years in the music industry. He is of French descent and is known for his electronic music. He was born November 8, 1985 in Paris, France. The multi-platinum artist has sold over 60 million records and has had his songs chart on the Top 40 Billboard charts and also on the Top 10 charts. He has also been nominated for numerous Grammy awards. He has also been nominated for a number of MTV awards, and has also been ranked number one on the world’s best dance artists of all time.French DJ and music producer David Guetta has decided to sell his South Beach apartment in the Setai Residences, a luxury apartment and hotel building in Miami Beach. Freud Group, a full-service real estate consulting firm with experience in the Miami market, has offered Getta’s lower penthouse for sale for $14 million, accepting payments in Bitcoin (BTC) and Ethereum (ETH).
The 2,528-square-foot condo is located on the 37th floor. floor and offers three bedrooms, three bathrooms, panoramic views of the Miami skyline, 24-hour room service and other amenities, including three oceanfront pools, a sauna and a spa. Three years ago, Guetta bought the space from New York billionaire Richard Lefrak for $9.5 million and earned $4.5 million from the sale. Getta’s decision to accept payments in Bitcoin and Ethereum appears to be a personal preference of the sellers, as other listings on the site do not mention cryptocurrencies.
Another entry point for cryptocurrencies
The pandemic brought the global economy to a standstill last year, but the real estate market has enjoyed a renaissance. In the 25 countries tracked by the Economist Intelligence Unit, prices have risen significantly. Over the past 12 months, they rose 11% in the US, 8% in the UK and 22% in New Zealand, as central banks around the world worry about these housing market interest rates. While the boom in the housing market is cause for concern in both the United States and Europe, it represents a significant change in Germany, where the housing market has always been very stable. The hedonic price index in Germany rose 11.12% in the first quarter of 2021 (9.28% adjusted for inflation), according to Europace. The Germans have gone far in accepting cryptocurrencies and have made it possible to buy property in cryptocurrencies, which is an attractive option because of Germany’s crypto-friendly tax laws. At a time when real estate prices are skyrocketing, bitcoin adoption is making its way through real estate transactions as companies advertise that they specialize in servicing deals for clients who pay in cryptocurrency worldwide.
Gaining an advantage in the crypto asset market
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