Tag: bitcoin

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Downtown Los Angeles Real Estate vs Bitcoin

Bitcoin takes lead in investment results.

REAL ESTATE NEWS

As the darkness of an economic winter envelopes urban real estate, the number of Bitcoin millionaires has more than doubled in the last two months alone. More than 50,000 tech nerds and investors now own $1 million or more each of the first (and still most popular) blockchain cryptocurrency. The Loft Blog recently reported that 2020 continued a two-year trend of falling home values in DTLA.

Lofts and crypto are both really cool things. They’re both considered unorthodox investments, seemingly risky to many, yet correspondingly more rewarding than their stodgy counterparts: the traditional single family home and the ancient precious metal gold. As investments, real estate does not compare to Bitcoin, which has beat the property market by more than 100 to 1 in return on investment over the last 10 years. While Bitcoin is the reigning king of profit, you can’t live in a bitcoin. That being true, a $25,000 investment in Bitcoin seven years ago allows that investor to own ten downtown lofts today. Real estate professionals forecast that Downtown real estate may take around five years or more to unwind, and then to make a significant recovery. By that time, a single Bitcoin is likely to be approaching the value of a condominium unit.

Fortune favors the bold, the hard-working and the determined. Real estate success, especially in a down market, is predicated upon economic success. The Loft Blog extends once again its strong suggestion that readers learn, experiment and take advantage of new investment technologies.

Bitcoin Consultation

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Urban middle class confounded by massive shifts in economics

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Bitcoin Rises Above $25,000 as Urban Properties Fall

Bitcoin owners got extra big Christmas gifts in 2020.

Congratulations to all of the smart crypto-cookies who have been making $1,000 per day over the last several days! The Loft Blog first mentioned Bitcoin in 2014 shortly after it bounced briefly above $1,000. We mentioned at that time that Bitcoin could potentially be more cool than a loft. In 2017, the Loft Blog reported that Bitcoin would continue on its path as a much better investment than urban real estate in terms of ROI return on investment. We demonstrated extraordinary upright temerity by suggesting that investors consider selling real estate to buy Bitcoin. History proven us super right on all counts. The information provided by the Loft Blog has proven to be the gift that keeps on giving. Amid big city property markets that have been devastated by hysteria and blight, suburbs have become the shining point of light, while Bitcoin has proven the financial saving grace for those who have taken advantage of it.

“I can’t believe how much Bitcoin went up.” — Will A.

Urban real estate shall be struggling for some time. To help readers further take financial advantage of a rapidly changing economic, real estate and tech landscape, we have launched Loft Blog Premium. It includes billions of dollars worth of money-making information of all kinds to help readers pull ahead of the pack. Try it risk-free.

Get a free report on how to simplify great financial results of real estate, financing, business assets, precious metals or cryptocurrencies. It’s free to get on the investor interest list. Fill out the online form:

Bitcoin investors have much to celebrate with big profits during 2020, and high hopes for 2021.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Names have been changed to protect privacy. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.