Real Estate Giant Caruso Will Accept and Buy Bitcoin

Caruso, one of California’s largest real estate companies has decided to accept Bitcoin rent payments. It will also invest in the cryptocurrency directly, according to a CNBC report. 

Caruso’s Long-Term Bet on Bitcoin

Caruso founder and CEO Rick Caruso has announced that he has invested an undisclosed amount of money in Bitcoin via his private real estate firm. The real estate company will also begin accepting Bitcoin as rent payment at retail and commercial properties. 

Caruso told CNBC in an interview this morning that he believes that “cryptocurrency is here to stay.”

He added that the firm’s Bitcoin purchase is intended as a long-term investment strategy, one that could last at least a decade. He also told the media that his firm has “allocated a percentage of what would normally go into the capital markets into Bitcoin.”

The firm has partnered with Gemini, a U.S.-based Bitcoin exchange, to carry out the purchase and provide custody for the investment.

Institutions Are Investing In Bitcoin

Caruso joins Tesla in accepting Bitcoin as payment and as an investment vehicle. Numerous other firms including MicroStrategy and Square have also purchased Bitcoin.

According to, over 50 companies currently hold about 1.4 billion BTC. That amount is worth about $81.8 billion and is equivalent to about 6.77% of the total Bitcoin supply.

Disclaimer: At the time of writing this author held Bitcoin and less than $15 of altcoins.


The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article