Bitcoin and hundreds of other digital currencies relying on blockchain ledgers have exploded in popularity. Exchanges exist for buying and liquidating. The user can be anonymous. It crosses borders without regulation. Digital currency has penetrated into areas such as web services, art and crowdsource funding, and there are a small number of reported real estate closings in Florida using cryptocurrency, though all involve lower-priced residential real estate.
How quickly crypto moves into more regulated and mainstream industries such as commercial real estate remains elusive. Miami’s office and other commercial real estate markets, with money from abroad and appetite for risk, could be an ideal testing ground. That being said, there are impediments.
