Approximately four years ago, Vesta conducted a closing on which the buyer inquired about using Bitcoin for payment purposes. I politely explained that the rules in Virginia as well as the standard contract required certified funds or bank wired funds. Generally, certified funds are a form of payment that is guaranteed to clear or settle by the company certifying the funds.
We continued to discuss this for approximately 20 minutes. The buyer almost seemed frustrated that we would not/could not accept Bitcoin for his real estate transaction. But what if we had . . .
Four years ago Bitcoin was valued at approximately $15 (beginning of 2013). Assuming title related fees of just $1,500, Vesta would have been paid about 100 Bitcoins. As of the date of this writing, Bitcoin is currently valued at $17,996. Those 100 bitcoins would currently be worth $1,799,600!
That is all.