BitcoinWallet.com Domain Name Fetches $250,000

Jayanand Sagar | February 5, 2014 | 10:34 pm

BitcoinWallet.com Domain Name Fetches $250,000

Jayanand Sagar | February 5, 2014 | 10:34 pm

Niko Younts BitcoinWallet

Bitcoin has become big business, if you weren’t already aware. So it should be no surprise that bitcoin-related domain names are going for a pretty penny while on the market.

Such is the case with BitcoinWallet.com — a domain name owned by entrepreneur Niko Younts. Younts tweeted that the domain fetched a whopping $250,000. But it doesn’t end there. Younts has a similar domain, BitcoinWallets.com (plural) that is expected to bring in $200,000. That’s nearly a half-million for two domain names. The domains were registered in 2010 and 2011, respectively.

A quick Whois of the bitcoinwallet.com domain shows it’s in the possession of Alex Charfen — a self-described entrepreneur, teacher, author and speaker. It’s unclear what Charfen plans to do with the domain, but with a six-digit price tag, you can bet it’ll be serious business. (via CoinDesk)

What do you think? Vastly overpriced or worth every cent?

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