Taylor More, 22, a former currency trader, said he prefers Bitcoins, worth $72.50 each, for the two-room bungalow on 2.9 acres because he believes there is a future for the digital currency, which Walmart recently began accepting for purchase of gift cards, ABC News reported Friday.
"I just really believe in them and once I read my first article about them, I was hooked," More said. "I can take control of my own money, I don't have to worry about the government stepping in and taking it and freezing my account.
"I have a few ventures that I am working on that involves Bitcoins and I am going to need a lot of Bitcoins to do them. I thought this might help Bitcoin gain some ground, once people see that you can actually buy a piece of property or a physical tangible thing," More said.
He said he can't yet reveal the details of his planned ventures.
"If someone had a partial payment in Bitcoins, I would be willing to negotiate, but I wouldn't turn down somebody who had cash," More said.