Manhattanite Ronen Segev is doubling down on cratering crypto — after his own investments have dropped by nearly $1M — by hawking his $2M Columbus Circle condo for Bitcoin or Ethereum instead of ca…
, bought the apartment for $1,025,000 out of foreclosure during the financial crisis of 2009, then sunk half a million into renovating it.
Segev, 42, believes crypto serves a “basic human need” and will rebound. “I’m bullish long-term,” he said.If he gets someone to pay crypto for his crib, Segev, 42, plans to put the proceeds into a short-term fund for his immediate needs.He said he bases his confidence on there being “a basic human need” for crypto.
“The Ethereum network I see as similar to the internet — a burgeoning technology. There were growing pains with Google, but it served a very useful purpose and it thrived.”In 2019, a buyer purchased one of his pianos with Bitcoin and Ethereum, and he combined those coins with money he had in a savings account to acquire a $1 million stake in the two currencies.
“Everyone can see the performer and not feel overcrowded,” said John Chubet, a Compass broker who is selling the apartment and has attended musical events at the unit. “The space is so comfortable and inviting.”
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