Real estate investors are flocking to Bitcoin in record numbers, a Swiss exchange has revealed.
Relai, a Swiss Bitcoin exchange, revealed through Bitcoin Magazine that as much as 75% of its over-the-counter (OTC) revenue in the fourth quarter of 2023 came from individual customers converting their real estate sales proceeds into Bitcoin. Changes in investment strategies among investors.
This surge is a response to the upheaval in the real estate market, forcing investors to shift their portfolios towards the better opportunities offered by Bitcoin. “With real estate markets in crisis and declining demand, Bitcoin is an emerging asset class that could potentially offer much higher growth potential for many investors,” said Leon Wankum, a Bitcoin expert specializing in real estate. “He explained.
This trend is not limited to real estate, Relai says. Bitcoin is rapidly absorbing capital from traditional assets such as stocks and bonds, and experts are predicting a similar migration once a Bitcoin spot exchange-traded fund (ETF) receives regulatory approval from the U.S. Securities and Exchange Commission.
Relai’s annual OTC trading volume surge of over 100% highlights this shift. High-net-worth individuals and businesses are driving this surge, with monthly trading volume through Relai Private and Relai Business increasing by 30%, particularly during the third quarter of 2023.
“If these trends continue, we can expect Bitcoin’s market capitalization and price to increase significantly in the coming months and years,” said Julian Liniger, Relai CEO and co-founder. “Relai is committed to providing investors with the tools and resources they need to navigate evolving markets. We are seeing growing demand for our services and are investing in our platform to meet that demand. “
The shift from real estate to Bitcoin is particularly evident in Switzerland, where awareness of Bitcoin’s unique properties is steadily growing. Leon A. Wankum, who is also head of Bitcoin strategy at oneVest Developments, explained how easy it is for investors to convert their real estate capital into Bitcoin, saying, “The process is much easier and faster than most people think,” he said with Relai. Using the same service, these transactions can be completed in just one day.”
The movement of investment capital from real estate to Bitcoin represents a potentially seismic shift in the financial paradigm. As this trend gains momentum, the Bitcoin industry is anticipating and preparing for wealth from traditional asset classes to shift to Bitcoin.