If you’re willing to part with 2,500 Bitcoin (BTC), you can be the new owner of a 10,720-square-foot, 32-foot-wide mansion in Manhattan.
Niederhoffer is no strange to cryptocurrency, as his firm offers the Optimal Alpha ST Futures/Crypto Program, which blends trading of futures and cryptocurrency, offering unique diversification for portfolios containing equities, fixed income and hedge funds, according to their website.
“I’m a big believer in Bitcoin. I really am so bullish on it, and I want to own more of it,” said Niederhoffer in a statement to Bloomberg. “Whatever the obligations and brokers fees are, I would pay in cash and keep the Bitcoin.”
This isn’t the first time an NYC-based hedge fund manager has accepted Bitcoin for his home. Back in April, Claudio Guazzoni de Zannet allowed buyers to use crypto to purchase his six-story townhouse in New York’s Upper East Side that was listed on the market for nearly $30 million. However, Zannet set a 40% markup to use the digital asset due to market volatility at the time.
If the name of the game is accumulation, then these hedge fund managers have found an easy way to build their portfolios behind the scenes.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.