Man Accidentally Makes $1.3 Million Buying a House With Bitcoin

By Timothy Sohn Jan 30, 2017 8:19 PM EST

(Bitcoin Magazine) – One of the main issues with bitcoin from a mainstream adoption perspective is price volatility, but a man in California recently benefited from short-term bitcoin price volatility in a major way. In a recent interview with Bloomberg Markets, BitPay CCO Sonny Singh told the story of how the bitcoin payment processor helped a man purchase a house with bitcoin and how this individual unintentionally made $1 million on the exchange from bitcoin to U.S. dollars.

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