Hedge funder will accept Bitcoin for $16 million NYC townhouse

Hello, cryptocurrency.

(NEW YORK, NY) — Roy Niederhoffer, president of R.G. Niederhoffer Capital Management, Inc., is selling his 10,720-square-foot Upper West Side mansion for roughly $15.9 million. If you have that in cash, great, but if not, don’t worry. This hedge funder is willing to accept Bitcoin.

“I’m a big believer in Bitcoin,” he told Bloomberg. “I really am so bullish on it, and I want to own more of it.”

If someone pays in cryptocurrency, he will cover the closing costs in hard currency, according to Bloomberg.

The house is nothing short of breathtaking. Located at 40 Riverside drive, the property overlooks Riverside Park, the Hudson River, and New Jersey, and was designed by architect Clarence True.

Back in 2013, Niederhoffer purchased the home as three separate units for $12.9 million. It is now listed on the market through Douglas Elliman Real Estate’s Dexter Guerrieri and Nicole Kats, and Sotheby’s International Realty’s Cathy Taub.

Sotheby’s International Realty handled the first sale using Bitcoin last year.
The purchase of the Texas home proved that cryptocurrency wasn’t making its way into the industry, but that it was already there!

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