Thai homeowner sells house for only 3.88 Bitcoins! Net comments: betting on BTC's high fluctuation.

A brand new river-view luxury apartment in Bangkok, Thailand, is listed for sale under shocking conditions: no Thai Baht, no US dollars, only Bitcoin is accepted, and the price is firmly locked at 3.88 BTC, leading to various opinions from netizens. (Background: After Texas invested $5 million in BlackRock IBIT: DAT, can SBR take the baton to reignite the Bitcoin bull run?) (Additional background: Swiss crypto bank Sygnum partners with Debifi to launch a Bitcoin lending platform MultiSYG, aiming to allow users to maintain control over their assets.) Threads user Edward Lai recently shared a property listing: a brand new luxury river-view apartment in the center of Bangkok, where the owner insists on “only accepting Bitcoin” and has set the price at a fixed 3.88 BTC. The post indicated that this transaction was initially announced when Bitcoin was around $126,000 (its historical peak this year). Now, with Bitcoin dropping to around $87,000, it translates to the buyer only needing to pay about 69% of the original price (in fiat), effectively a “30% discount.” Edward Lai commented: “If you have coins, you can directly enter a position! Who says real estate can't be Web3?” Apartment details: Life Rama 4 – Asoke, a top-tier new development. According to information disclosed by Edward Lai and publicly available data, this property, which promotes “pure Bitcoin transactions”, belongs to the project Life Rama 4 – Asoke, completed in 2024, developed by the well-known Thai developer AP (Thailand). It is a 39-story residential high-rise, located next to MRT Queen Sirikit station, boasting views of the Chao Phraya River and the Asoke-Sukhumvit business district. The unit for sale is a rare Duplex loft with an indoor area of 65.33 square meters and a height of 5.5 meters, situated on a high floor with river views. Project amenities include an infinity pool, sky garden, gym, and 24-hour security, with foreigners able to hold 100% Freehold. According to the latest listing data from major Thai real estate platforms, the normal selling price for this type of unit ranges from 11 million to 15 million Thai Baht (approximately $320,000 to $430,000). If calculated based on the fixed price of 3.88 BTC: When Bitcoin was $126,000, it was approximately $489,000 (slightly above market price). When Bitcoin was $87,000, it was approximately $338,000 (considered a market low). Is it legal to buy a house with Bitcoin in Thailand? Notably, it is currently completely legal to purchase property with Bitcoin in Thailand. Since 2022, Thailand has incorporated cryptocurrencies into its regulatory framework, and the Thai Securities and Exchange Commission (SEC) allows digital assets like Bitcoin to be used as payment tools. Several large developers (such as Ananda, Origin, AP) have already partnered with the local exchange Bitkub to launch “cryptocurrency home-buying plans.” Foreign buyers only need to ensure their funding source is legitimate, complete KYC, and declare foreign exchange transactions (FEC) during the transfer process to successfully pay in Bitcoin or stablecoins. In practice, most cases still involve a third-party trust (Escrow) or lawyer's verification to reduce the risk of paying coins first or transferring ownership first. Netizen comments on this “pure Bitcoin sale” post quickly exceeded a hundred, with opinions roughly divided into the following camps: Optimists: “This is true BTC-based pricing! Physical assets are starting to be repriced in Bitcoin; in the future, houses will be valued in 'how many coins'!” Pragmatic: “Prices should be in Thai Baht, accepting equivalent payments in Bitcoin is reasonable; locking in the number of coins now is simply gambling on fluctuations.” Skeptics: “Not accepting Thai Baht at all? Feels like the owner is eager to sell, the actual value might not even be worth 1 Bitcoin.” Risk-averse: “Bitcoin has no performance guarantee; should we transfer first or give the private key first? What if we get scammed?” Spectators: “Anyway, I don't have 3.88 BTC, let's just watch the show for now.” Mathematicians: “This is an opportunity for both buyers and sellers to gamble; if BTC rises again, whoever misses out on these 3.88 BTC will regret it.” Arbitrageurs: “Buying with BTC now, then reselling at a higher price in fiat, and then buying back BTC with fiat, wouldn't that create arbitrage opportunities?” Whether this transaction is a buying opportunity for crypto millionaires or the owner cutting losses with tears, or has other motives, remains to be seen. However, it is undeniable that from Wall Street institutions hoarding coins to civilians pricing transactions in Bitcoin, Bitcoin is gradually stepping away from being a fringe speculative tool, moving towards mainstream financial markets and even the daily lives of ordinary people. Related reports: The four-year Bitcoin cycle has ended, replaced by a more predictable two-year cycle. SpaceX shifts $100 million in Bitcoin; is Musk looking to cash out? Tom Lee lowers his Bitcoin year-end target from “$250,000 to $100,000”: “All I can say now is that it’s possible” (Thai homeowner sells house fixed at only 3.88 BTC! Net comments: betting on BTC's high volatility). This article was first published in BlockTempo, the most influential blockchain news media.