Tag: Crypto

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Cryptocurrency Wealth and the Real Estate Market

Bitcoin billions beget Bugatti billionaires

REAL ESTATE NEWS (Los Angeles, CA) — Fire, the wheel, the steam engine, electricity, the Internet, and now blockchain. These technological breakthroughs have created the most abundance, wealth and advancement for society. While stable, practical, vital real estate cannot be replaced by a digital asset, a house cannot deliver a five million percent monetary gain in just over 10 years. That’s why the Loft Blog has been reporting on the novel combination of crypto and real estate as fantastic hedge that has created vast riches and stability than any other pairing in history.

The Loft Blog is receiving many reports that prospective home buyers and investors are holding off until home prices drop. The problem with that strategy is that inflation is placing upward pressure on prices; high rent prices place upward pressure on home selling price; and few sellers currently feel pressure to sell at a lower price, especially while the employment rate is fairly high. A growing number of economists believe that the fed will be forced to ease again before home prices have a chance to drop substantially nationwide. Like most other long-term markets, the real estate market is currently noted for two things, inflation and stagnation. The result of the stagnation is that more people will ultimately be seeking wealth in other industries, particularly in the blockchain technology sector.

Crypto millionaires are already ubiquitous worldwide, while crypto billionaires become a staple on Youtube. Forbes has documented 19 people who made their first billion from crypto. YouTuber Carl Runefelt and many of his buddies made their millions from Bitcoin and other blockchain cryptocurrencies. Carl says it’s all about energy and mindset, and that he had to ignore negative naysayers, including his parents.

According to Max Keiser and Roberty Kiyosaki, the more that critics and politicians try to attack Bitcoin, the more its value goes up.

Did you know that the Loft Blog has also been partially funded by Bitcoin, in addition to traditional real estate practice? What’s your experience with crypto? | COMMENT

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Bitcoin billions: bring on Bugatti billionaires

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.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. | COMMENT

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NFT is the word of the year. Find out what it means here.

This fun pop tart kitten is famous as an early NTF art piece that sold for some serious scratch.

As part of our Entar membership-based investment newsletter, here is another installment of investment ideas beyond real estate.

What Are Nonfungible Tokens? How Do They Work? 

NFT art and collectible items have gone mainstream with breathtaking speed. We now have a better idea of why. Nonfungible tokens are fun, visualizable, culturally relevant, and they’re easy to understand in a way that many blockchain concepts are not. One popular urban dictionary has gone to crown NFT, the word of the year, beating out crypto for the title.

To start, NFT“nonfungible” means one of a kind, so NFTs are unique and cannot be replicated or replaced with anything else.

If all that an NFT signifies is a digital asset, meaning intangible, why are people spending millions on it? They spend so much because an NFT allows the buyer to own the original item. Also, it contains a built-in authentication, which is the proof of ownership for the buyer. Most collectors value these “digital rights” more than the item itself.

What Is NFT?

The word “nonfungible” means one of a kind. NFTs are digital assets that represent real-world objects like music, art, digital avatars or images, videos, or any other collectible items but cannot be duplicated. They are backed by blockchain technology. They have been around since 2014 but have gained popularity only now. 

 #entarispowerful #nonfungibleisfun

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For much more profound insights into case uses for NTF’s beyond novelty. Check out one of the source articles for five exciting ideas about where NTF could go next.

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Crytocurrency is most often used to purchase NFT items. They both use blockchain technology

Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 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 LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.