New York Townhouse Now On Sale For $45 Mln In Cryptocurrency

"I'm a true believer in these networks, but it's very volatile. They could be down 60% in two weeks."

Zannet founded hedge fund Zanett Asset Management in 1992 and in 2015 founded Lyster-Zanett, which his LinkedIn describes as a "Multi-manager Master/Feeder Hedge Fund focusing on US small/mid-cap equity markets + Cryptocurrency and BlockChain investments."

The townhouse currently listed had made the news last March when Zanett and his wife were fined $8,000 for listing rooms online as rental units for short-term stays of less than 30 days, which is illegal in New York.Cities across the world are beginning to have properties listed in cryptocurrencies, as Bitcoin arguably brings a certain hype to a real estate deal.

Cointelegraph reported on five cities where you could use crypto to buy real estate last fall, including Miami, Dubai, New York, Lake Tahoe, and Bali.

Bitcoin-only property deals have also come up, including a UNESCO World Heritage site reported to be on sale in Ibiza last November for 1,850 BTC, and a Caribbean island was listed last December for 570 BTC..