More and more wealthy Chinese people are using Bitcoin to buy real estate outside of their home country
Real estate agencies and startups see an increase of people from China, willing to spend their Bitcoins to buy property in California, London, Hong Kong and Dubai. The requests vary from $50,000 to $4 million.
China is famous for its strict rules and it doesn't want the capital to flee from the country. But there aren’t many options for an average Chinese investor. Especially if you made money in crypto and you don’t want the government to know about it. Of course, you can buy property in China, an average 20 square meter apartment will cost you $150,000, and rent it for $500 a month. But if you can buy real estate somewhere else, why restrict yourself? It’s great to see crypto help overcome these governmental restrictions. That's what crypto is made for, building an open world where you can buy real estate, participate in charity, without any borders. And the governments can't do anything about it.