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TROY, N.Y. â One local cryptocurrency enthusiast is hoping to make the first Bitcoin-based real estate transaction in upstate New York. With the recent rise in Bitcoinâs value and a strong area real estate market, veteran crypto holder Paul Paterakis is now accepting Bitcoin for property heâs selling in Troy. The two-family residential home, located at 2336 15th St. in âThe Hillâ neighborhood of Troy, is listed at $170,000 or approximately 5 Bitcoins. - Advertisement - The current price of 1 Bitcoin is valued at more than $34,000, at the time of publication. The exact price of the property in Bitcoin will be determined by market value at the time of sale. ....