Hedge Fund Manager Will Accept Bitcoin for His $16 Million Manhattan Mansion
According to Bloomberg, the president of New York hedge fund R.G. Nierderhoffer Capital Management, Inc, Roy Niederhoffer, is selling his Manhattan mansion consisting of six floors for bitcoin.
“I’m a big believer in Bitcoin,” Niederhoffer says. “I really am so bullish on it, and I want to own more of it.”
If someone were to pay in Bitcoin, Niederhoffer says he would cover his share of the closing costs in hard currency. Whatever the obligations and brokers fees are, I would pay in cash and keep the Bitcoin,” he said.
The 10,720-square-foot house in Riverside Drive is listed for approximately US$15.9 million in cash which at the current market prices translates to nearly 2,500 bitcoins.
According to Bloomberg, Niederhoffer bought the property in 2013 when he needed a place to live while proceeding with the long-term renovation of a house in Manhattan. At the time, he and his family were living in a rental which he considered temporary.
Completed in the 19th century, the mansion sits on 40 Riverside Drive overlooking the Hudson River.
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