Lingerie tycoon Michelle Mone has fearlessly jumped into the Bitcoin world with her new venture of selling Dubai apartments for Bitcoin.
Michelle Mone, also known as Baroness Mone of Mayfair, is a millionaire who is looking to cash in on the rising crypto economy.
From her Instagram:
Her apartments went on sale on September 6th. She is selling two 40 floor towers which are connected to a large shopping mall.
The Telegraph reports:
“A studio apartment in the complex starts from around 30 bitcoins, or $133,000, rising to 85 bitcoins for a two-bedroom flat. They come with access to a gym, swimming pool and residents’ lounge, and have views over the Dubai Hills and the city skyline.”
The apartments will be extremely nice, similar to what is pictured below (actually probably nicer).
New owners also have the choice to have their apartment decorated by Baroness Mone Interiors, Michelle’s interior design service. And they too can be paid with Bitcoin.
Michelle’s partner in the endeavor, Doug Barrowman owns a company(the Knox group) that struck a deal with BitStamp to be able to hedge themselves against crypto’s volatility.
It is unfortunate to hear that they will be dumping their Bitcoin for dollars, as they will be giving up future billions in cryptocurrency.
But hey, not everyone is smart enough to realize the way of the future and it is pretty cool that they accept Bitcoin. 👍