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Real Estate Giant Caruso Adopts Bitcoin


The last few weeks have been excellent with Bitcoin, with financial giants like Goldman Sachs and Morgan Stanley indicating plans to allow clients to gain exposure to the cryptocurrency, among other bullish developments.

And now, another mainstream development has indicated bitcoin’s rise. Per an L.A Times report from April 7, real estate giant Caruso, based in California, has announced that it will now accept rent payments in bitcoin and allocate part of its treasury reserves to BTC.

According to the report, this development was made possible through partnership between Caruso and cryptocurrency exchange Gemini. Rick Caruso, the CEO of the firm, noted his interest in bitcoin, saying that the asset is a “good hedge” that “has already proven to be a good investment for us.”

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