Hundreds of wealthy investors are using crypto to buy real estate in Europe

In Europe, a significant trend is emerging where hundreds of wealthy investors are using cryptocurrencies to purchase real estate. According to Nikolay Denisenko, co-founder of Brighty, his startup has brokered over 100 deals for high-net-worth individuals buying apartments. This showcases a shift in traditional real estate transactions as the demand for purchasing properties using cryptocurrencies rises. Given the volatility of cryptocurrencies, it seems affluent buyers are seeking this new asset class to enhance their wealth preservation and liquidity. The allure of cross-border transactions that cryptocurrencies offer, along with protection of client privacy and swift processes, adds to this appeal. Moreover, this trend could bolster the credibility of crypto assets, potentially driving overall market growth. Looking ahead, the use of cryptocurrencies in real estate transactions across Europe is expected to increase, and investors should be attentive to this emerging movement.