Despite the crypto industry facing gradual fluctuations, renowned names like David Guetta still show their trust in crypto. The world-renowned French DJ recently announced that he would be selling his 14 million dollar beach condo in cryptocurrency.
The news was followed by an anonymous user paying an all-time high of 22.5 million dollars in crypto for a Miami Beach penthouse. David’s apartment comprises three bedrooms, three bathrooms spanning over 2521 square feet with an ocean-facing view. The DJ has hired a local estate company named Freud Group to conclude the proceeding.
As per Mansion Global, David bought the said apartment in June 2018 for 9.5 million dollars. The apartment is situated within the Setai Hotel and Residencies in Miami. It was previously owned by a New York real-estate billionaire named Richard LeFrak. The luxurious property houses modern household amenities of an on-site hotel such as a spa, a fitness center, three ocean-facing swimming pools, and lavish gardens.
The involved real estate company, Fred Group, functions under the South Beach Estates Brokerage, a renowned player in the South Beach Art Deco circuit and luxury constructions in Brickell and Edgewater. David seems to trust digital assets as property owners taking crypto in return for a stable asset as land is a rare sight.
If the transaction concludes successfully, the DJ will score an instant 4.5 million dollars profit. Moreover, the profit BTC and ETH will garner over the years will only add to his ROI. Since David purchased the apartment three years back for 9.5 million dollars, his asking price seems reasonable.
While the transaction appears staggering on the surface, it pales in front of a recent sale. The sale witnessed an anonymous user selling his penthouse for a whopping 22.5 million dollars. The property in question was a deluxe ocean-facing apartment, and it ended up becoming the highest known real estate purchase made through cryptocurrency.
While the crypto sector faces frequent ups and downs, transactions like these intrigue new users towards the industry. The crypto community can only hope for more trades like this to help the sector.
David Guetta, the well-known French DJ, is generally known for his music ordeals, but the artist is harboring attention due to his involvement in cryptos. The DJ is selling his Miami Beach condo for a whopping 14 million dollars in Bitcoin and Ethereum. The news came soon after an anonymous user made the highest known real estate purchase of 22.5 million dollars in crypto. Despite the ongoing struggle of the crypto sector, news like this can help the industry on numerous fronts.
