In France, a 100% Bitcoin real estate transaction was carried out for the first time: 2 parking spaces in Gap were sold for 0.33 BTC. This unprecedented transaction illustrates the integration of cryptocurrencies in the real estate sector, combining technological innovation and traditional investment.

Gap, pioneering city: Bitcoin enters real estate The first 100% Bitcoin real estate transaction in France was completed last month. Two parking spaces located in Gap, in the Hautes-Alpes department, were sold for 35,000 euros, equivalent to 0.33 BTC.

This operation is the result of work by two entrepreneurs from the Tarare area. Renaud Escot has been in the wealth management sector since 2005 and currently runs a real estate agency in Vindry-sur-Turdine. Nicolas Fourchet is responsible for developing innovative tools and services to bridge the gap between traditional real estate and the digital economy.

Their partnership began during a trip to Taipei in September 2017, when they understood "the power and libertarian momentum of this digital asset"1. After more than 6 years of reflection, the Bitcoinimmo project was born, a platform that secures real estate transactions by acting as a trusted third party through an escrow system managed by a notary and the Caisse des Dépôts et Consignations.

The funds, which can include BTC, are deposited in an escrow account opened in the buyer's name, where they remain until all transaction conditions are met. It's worth noting that the payment service is provided by a well-known local player: Bitcoin-lyon, now known as Bull Bitcoin.

This transaction is not exceptional; it respects the characteristics of a concession: "there is a price, a signed compromise, legal deadlines to respect". As Nicolas Fourchet explains, the only parameter that changes is the nature of the exchange intermediary used.

Bitcoin and real estate: a winning duo for investors Due to its nature, the final validation of the sale was carried out by video conference, with all stakeholders present. In just over 2 minutes, the transaction was completed, and the seller had received her BTC, explains Nicolas Fourchet1. This speed contrasts with international bank transfers, which can take several days due to financial intermediaries and processing times. This is a major advantage for real estate transactions, where timing is often crucial.

The use of Bitcoin in real estate allows for portfolio diversification by combining the stability of physical assets with the growth potential and store of value of Bitcoin, also allowing for risk distribution and benefiting from the advantages of both asset classes.

In addition to offering an attractive store of value for investors, Bitcoin also allows for savings related to transaction fees. These are lower than those of the traditional banking circuit, particularly for cross-border payments1. Not requiring currency conversion, Bitcoin eliminates barriers related to national currencies. Foreign investors can buy real estate without worrying about exchange rate fluctuations or complexities related to international transfers.

The use of Bitcoin in real estate combines the modernity of a digital asset with the stability of a tangible investment, offering a fast, secure, and innovative solution to protect and enhance one's assets.

Translation done by IA