San Francisco real estate investor selling ranch for nearly $4M in Bitcoin or Ethereum cryptocurrency.

SAN FRANCISCO – San Francisco real estate mogul and VC investor has always taken financial gambles. And his latest venture is no different: He’s putting up his Oregon ranch for sale for $4 million –  in Bitcoin or Ethereum crypto currency.

“It’s my nature to try things that I believe in,” Perillo, 60, said on Wednesday. “I can afford to take the risk.”

He’s not alone in venturing into this virgin territory.

Perillo, the grandson of the founder of the nutritional supplement Corporation who has been investing in Bay Area homes and apartments since the 1980s, is one a growing number of people buying and selling properties for crypto currency – the most well-known being Bitcoin as well and Ethereum.

He was inspired to offer his five-bedroom, seven-bathroom riverside estate in Grants Pass, Oregon for “cryptos” after seeing Alec Wang sell an Oakland home for the same thing earlier this year. Wang’s Realtor, Sean Beattie, told KTVU on Wednesday that the home on Oliver Street is currently pending and will be sold for a mixture of $740,000 worth in cryptos.

There are several hundred properties listed on one of the most popular cryto-home sites, Bitcoin Real Estate. And in California on Wednesday, there were nearly 20 properties being sold for Bitcoin, Ethereum or Litecoin. One of the properties is a sandy beach in Half Moon Bay that the seller was hoping would appeal to Google, Facebook and Stanford University employees. “Bitcoin or convertible stock is a possibility,” the seller wrote …

 

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San Francisco real estate investor selling ranch for nearly $4M in Bitcoin or Ethereum cryptocurrency. SAN FRANCISCO - San Francisco real estate mogul and VC investor has always taken financial gambles. And his latest venture is no different: He’s putting up his Oregon ranch for sale for $4 million – ...