China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad

China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad

Bitcoin International
July 21, 2018 by Ebit News
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Article via CoinDesk The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500