2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • Lifestyle & Hospitality
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • Man Selling R78 Million Mansion For Bitcoin

    23 Jan 2014 by Jasmine Stone in Business, Real Estate, Tech/Sci, World
    Related Posts
    • What R50 Million Buys You Property-Wise In Spain, France, And Switzerland
    • Spare A Thought For The Bitcoin Millionaires Who've Forgotten Their Passwords
    • How Bitcoin ‘Whales’ Drove The Price Through The Roof In December
    • You Can Buy This Entire Apartment Block In Cape Town’s CBD
    • How Carolyn Rafaelian Lost $900m In Less Than Two Years

    The current world record for the largest Bitcoin transaction sits neatly at R10 million – which is a damn good showing for a currency that should really still be in its infancy.

    Now, a casino-owner and property developer, Jack Sommer, hopes to smash that record by some margin. He’s selling his 25,000-square foot Las Vegas mansion for R78,5 million, and he’s willing to accept the whole sum in good-ol’ digital Bitcoin.

    He’s aware of the risks, he says, but he’s still going ahead with his plan:

    It’s very volatile, and of course… there is a lot of speculation. But there seems to be a growing amount of trade and commerce involving Bitcoin as well. So it gives me the confidence that we can accept it as a viable currency.

    Two of his kids have been buying into BitCoin since 2010, and they may have played a hand in convincing their old man to go digital.

    My kids started picking them up at $5 and then they went to over $1,000 and they were making all this money.

    It’s actually good that not that many people know about it, because that means there are many more people who are going to know about it

    If BitCoin continues to grow by the same margins it did between 2010 and 2014, then Sommers may well be a lot more wealthy than even he could ever imagine.

    [Source : The Verge]

    • ← Kiev Protests Are Getting Gnarly – Hectic Video Captures People On Fire In Police Clash
    • Justin Bieber Arrested For Drag Racing A Lambo While Intoxicated →
    • Tweet
    • Tags:
    • Bitcoin
    • Business
    • currency
    • economics
    • Houses
    • jack sommers
    • mansions
    • Real Estate
    • villas

    Latest News

    • Genius: Enjoy This Cop Trap On Camps Bay Beach

      [imagesource: Pam Golding Properties] Look, but don't touch. That's basically what C...

    • SA Gem Features On Wine Destination ‘Bucket List’

      [imagesource: Getty] Oenophile /ˈiːnə(ʊ)fʌɪl/ - noun A connoisseur of wines. ...

    • A Rational Look At How Long COVID-19 Will Be Around For

      [imagesource: Shutterstock] We've heard the words 'COVID fatigue' thrown around a great...

    • 2oceansvibe Weekend Sports Wrap

      Each Monday, I’ll be putting together a wrap of the weekend’s sporting action, standou...

    • “I Had A Dream”: MAGA South African ‘Evangelist’ Goes Viral In Washington DC [Videos]

      [imagesource: YouTube / Larry Madowo] Apologies to anybody who knows this woman. Not...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo