American Shark Tank Host Defends Use of Bitcoin to Buy Real Estate

[SOUZA]

American businesswoman Barbara Corcoran has revealed using Bitcoin to conduct real estate deals. In an interview with Money on Friday, she also spoke of the advantages of peer-to-peer transactions, and said that traditional banks will disappear in ten years if they do not adapt their business model to mobile technologies.

Corcoran participates in the Shark Tank series as one of the protagonists. The plot shows several entrepreneurs seeking funding for their projects through a TV game show. For the entrepreneur, real life blends in with the studios: she is also an investor in real estate market capitalization in New York.

Crypto-derivatives are still considered a high-risk investment for long-term trading, especially because of the volatility of their value. But the host considers the opposite, saying she has been "very optimistic because, in the long run, it is perfectly suited to real estate transactions."

Bitcoin's Advantage
The great advantage for Bitcoin is the peer-to-peer transactions, in which the issuer and receiver of the value make the transfer directly to each other, without the intermediary of a financial institution or a remittance company.