Israeli Making History Selling Caesarea Villa for Bitcoin

It sounds a bit like a fad, but the digital currency Bitcoin just might be here to stay. A man appearing on Israeli television and identifying himself as “Eli” says he “wants to make history” by selling his seafront villa in Caesarea “in bitcoin. Whether the price goes up or down, I’m willing to take the risk. There are hundreds of early bitcoin adopters who have become multi-millionaires literally overnight, and it’s burning a hole in their pocket.” He went on to describe the Caesarea coastline as a “hidden gem.”

The seller is offering his luxury villa on the Mediterranean cost for the equivalent of $3 million, but the is not accepting dollars or shekel. The property is complete with an outdoor heated pool surrounded by palm trees. Potential buyers, according to a press release, are rumored to be the Israeli Prime Minister, Benjamin Netanyahu and Valery Kogan, a billionaire who is reportedly a close friend of Vladimir Putin’s.

Bitcoins are traded on a peer-to-peer basis and tend to attract the tech savvy as well as those trying to dodge censors and government control. While it hasn’t yet been widely adopted, Dell, Virgin Atlantic, PayPal and Expedia accept payment in bitcoin.