Opendoor & Bitcoin?! 🤯

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Oh, good heavens. Shares of Opendoor Technologies (OPEN) did a little jig – a 14.4% jump to $9.28 on October 6th. Why, you ask? Because the boss man, Kaz Nejatian, mumbled something about letting people pay for houses with Bitcoin! Can you believe the cheek? It’s all rather exciting for the crypto crowd, apparently, and a little step closer to those digital doohickeys actually *buying* houses. Honestly. 🙄

And get this, their stock’s been on a right rollercoaster, going up over 480% this year! The market, bless its silly heart, seems to think letting people use funny money to buy bricks and mortar is a brilliant idea. Imagine the chaos! 🤪

Opendoor’s Bitcoin Move Shakes Real Estate (Or Does It?)

Now, Opendoor fusses about with buying, fixing up, and selling houses to people. Rather clever, I suppose, if you ignore all the mess. Because they control everything, they can turn Bitcoin into proper money without making the poor sellers get their hands dirty with the digital stuff.

Mr. Nejatian, on that online screeching post known as X, said, “We will. Just need to prioritize it,”. Which basically means, “We’ll get around to it when we feel like it.” Very reassuring. 🤔 The clever-clogs analysts reckon it’s a masterstroke, fitting in with all this crypto business.

Wish we could enable home buying on opendoor using bitcoin or some other cryptos

– paviagrawal (@paviagrawal1) October 6, 2025

All this happened after a bit of a shuffle-around at the top. The new fellow, Kaz Nejatian, used to work at Shopify, and the old bosses are back on the sidelines. Everyone says this new team is all about being sensible and making things run smoothly. One hopes they have a good plumber.

They made $1.6 billion in the last three months and didn’t lose *quite* as much money as usual – a mere $29 million! Which is, apparently, a good thing. So with new bosses, slightly less losing, and this Bitcoin nonsense, Opendoor is trying to look like they know what they’re doing.

Global Real Estate Shifts to Crypto Adoption (Good Luck With That)

It turns out, everyone’s getting a bit obsessed with this blockchain thing in the wobbly world of property. Some report says it could be worth over $4 trillion by 2035! Ten times more than now! Goodness gracious! The World Economic Forum, a place full of Very Important People, thinks 10% of the world’s money might be on these block-things by 2030. Good grief!

A company called Propy says they’ve done over $4 billion worth of house sales using blockchain since 2017. In California, Florida, and Dubai of all places! They reckon it makes paperwork simpler. Simpler for *whom*, I wonder? 🤨

Fancy places in Europe and the Middle East are also accepting Bitcoin and Ethereum. And even those posh auction houses, Christie’s and Sotheby’s, are dabbling. Honestly, it’s all frightfully modern.

Apparently, these blockchain contraptions can speed things up and stop people from being dishonest. PwC, another group of Very Important People, says it can cut down closing times by 60%! That’s a lot of time wasted. But there’s still a bit of a mess with the rules. 🤯 Everyone’s trying to figure out how to keep things above board.

Still, you need clear rules! The European Union and some Americans are fiddling about with guidelines, but most places are still in a proper pickle. Oh dear.

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2025-10-07 08:52