Swimmer Cam McEvoy is offering to sell his $1.1m Surfers Paradise pad for bitcoin

Swimmer Cam McEvoy is selling the Surfers Paradise pad he bought for $1.1m in 2016, and is offering to accept bitcoin in a unique bid to reinvest his money into cryptocurrency

Swimmer Cam McEvoy is offering to accept Bitcoin for his $1.1m Gold Coast pad in a bid to reinvest his money into cryptocurrency.

The 27-year-old Olympian, who listed his luxury Surfers Paradise townhome on the Isle of Capri this week, said he hoped to take advantage of the current seller’s market on the Gold Coast and appeal to a broader range of buyers by accepting bitcoin or ethereum as payment.

Swimmer Cameron McEvoy is listing his Isle of Capri home for sale and will accept Bitcoin as payment. McEvoy pictured with his dog, Apollo. Picture: Nigel Hallett

He purchased the four bedroom, three bathroom property for $1.1m after returning from the Rio Olympics in 2016, at the height of his swimming stardom. The physics and mathematics student began researching and trading in the cryptocurrency market in late 2017.

“I wanted to do something that was considered a little bit unique in terms of offering for the house to be paid for in crypto, or in Bitcoin more specifically,” McEvoy said.

“I see that on another angle as a good investment as well, converting my initial investment with a property into something like Bitcoin.”

Cam McEvoy is selling his property at 1/40 Via Roma, Isle of Capri, through Lucent Property. Picture: Supplied

The property features four bedrooms, three bathrooms and a double garage

“It’s got a lot of similarities to the evolutions we saw with the internet, moving finance online and the general movement towards decentralisation as well. I have no doubt that eventually over time it’s going to be a very fundamental backbone to our society.”

McEvoy, who isn’t advertising a selling price for the home, said while he had concerns about the current volatility of the cryptocurrency market in the short-term, he was confident bitcoin’s value would continue to rise in the coming years.

“I have a high risk tolerance in this case,” he said.

McEvoy purchased the property for $1.1m in 2016.

Competing in the Tokyo Olympic swimming trials in Adelaide next month, where he hopes to qualify in the competitive 100m freestyle event, McEvoy said he would move to renting on the Gold Coast while he contemplates his future in the sport.

“I’m still not 100 per cent sure what my direction will be post Tokyo Games,” he said.

“I know I’ll keep swimming, I’m just not 100 per cent sure where I’ll want to set up my base for the next Olympics cycle, so I’ll be renting to have that little bit of extra freedom around that (decision).”

McEvoy is selling the townhouse, at 1/40 Via Roma, Isle of Capri, through Lucent Property’s Josh Longhitano.

Originally published as Swimmer Cam McEvoy is offering to sell his $1.1m Surfers Paradise pad for bitcoin