A resident of Lipetsk built a house for one bitcoin

by in Cryptocurrency News

House for 1 bitcoin

An entrepreneur from Lipetsk, whom partners pay with bitcoins, gave an educational interview to the local publication most.tv. He told about migrants in Russia, who send money in crypto and about a new house for 1 BTC.

Related: Miners accused of flooding an apartment building in Russia

During the conversation, Alexander told what is Bitcoin, mining, and also about the use of cryptocurrencies:

“Cryptocurrency is the same means of payment as ordinary money, it can be paid for purchases. I know for sure that migrant workers from Asia who work in Russia transfer money to relatives in bitcoins. It turned out to be easier and the transfer fees are much lower. Despite the fact that the company with which the businessman works pays for his work with bitcoins, he does not adhere to the hodl strategy.

“There is a chance that Bitcoin will rise in price. And counting on it, it makes sense to buy and hold. But I do not hold. I’m building a house and a box for it cost me 1 BTC,” Alexander said.

Recall, that in October 2018, crypto enthusiast Rafael Hawksley traveled to 18 countries for 1 bitcoin to collect material for a film about the cryptocurrency industry.