Justin Bieber’s Manager’s Mansion Sold for $18.5M in Bitcoin

The increased popularity surrounding cryptocurrency has taken aspects of conventional finance by storm and has proven to accelerate the economy as well. Over the past several years, crypto real estate transactions have garnered the attention of many, one of them being Scooter Braun, the music executive manager of Justin Bieber. Justin Bieber’s Manager’s lakeside Austin Texas mansion was recently sold for $18.5 million in Bitcoin. Justin Bieber’s Manager Is A Known Name in Hollywood The media mogul, Scooter Braun is known for his work in the entertainment industry of Hollywood. A source close to Braun claimed that it was a cash-to-coin conversion transaction, where Braun has received Bitcoin in return. This is the largest cryptocurrency real estate transaction observed in Texas and the United States history. Wayne Vaughan, the Co-Founder, and CEO Of Tierion – a crypto exchange that stores data on the blockchain, is the buyer of the stunning property. As mentioned in the property records, Tierion has made the payment to Limited Liability Company which is associated with Scooter Braun. The last few years have attracted wealthy crypto investors into the crypto real estate market. Last month, the high-profile lawyer, Tony Buzbee had also put his house up for sale and was open to accepting payment in the form of Bitcoins as well. In addition, the real estate firm, Algocap Real Estate announce in 2021 that it would start accepting di...