The digital currency was listed as a way to pay for some 75 properties for sale. REUTERS/Dado Ruvic/Illustration
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Bitcoin fever has hit the U.S. real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions."Bitcoin accepted" is a message now seen in the description of homes for sale in the Miami area.One seller is going even farther, saying he would take only bitcoin (33 of them to be exact) for his half-million-dollar downtown condo in the Florida metropolis.This could be a draw for investors, who even before the bitcoin rage were already hot on the real estate market in south Florida.Bitcoin offers another advantage for some foreign investors: It lets them dodge U.S. economic sanctions.Parker said the fad of doing real estate deals in bitcoin could be as volatile as the currency itself.
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