OLYMPIAN IS CHASING CRYPTO GOLD
SWIMMER Cam Mcevoy is offering to accept Bitcoin for his $1.1m Gold Coast pad in a bid to reinvest his money into cryptocurrency.
The 27-year-old Olympian, who listed his luxury Surfers Paradise townhome on the Isle of Capri this week, said he hoped to take advantage of the current seller’s
market on the Gold Coast and appeal to a broader range of buyers by accepting Bitcoin or Ethereum.
He purchased the four-bedroom, three-bathroom property for $1.1m after returning from the Rio Olympics in 2016, at the height of his swimming stardom. The physics and mathematics student began researching and trading in the cryptocurrency market in late 2017.
“I wanted to do something that was considered a little bit unique in terms of offering for the house to be paid for in crypto, or in Bitcoin more specifically,” Mcevoy said.
“I see that on another angle as a good investment as well, converting my initial investment with a property into something like Bitcoin.”
Mcevoy, who isn’t advertising a selling price for the home, said while
he had concerns about the volatility of the cryptocurrency market in the short-term, he was confident Bitcoin’s value would continue to rise in the coming years.
“I have a high risk tolerance in this case,” he said.
Mcevoy will compete in the Tokyo Olympic swimming trials in Adelaide next month, where he hopes to qualify in the 100m freestyle event.