Bitcoin has become quite the buzz word amongst savvy investors in recent years – but could this valuable niche cryptocurrency be about to go mainstream? While it was once reserved for trading amongst the wealthiest of millionaires, having created numerous members of the nouveau-riche itself in its early days on the market, we’re now seeing a variety of different companies begin to accept it as a payment method.
In a bid to win over – and retain – high-net-worth customers, those within the luxury sector have been the first to cotton on, and these days you can use Bitcoin to pay for everything from a brand new Tesla to an original and highly valuable work of art.
Slowly but surely, Bitcoin is making its way towards potentially one day becoming a global universal payment method, and thanks to the numerous advantages it offers over more traditional payment methods, as well as other cryptocurrencies, its popularity continues to surge.
Here are some of the ways you can currently utilise your Bitcoin fortune – from trading to entertainment, and more.
Buy a Tesla
Tesla has been one of the most notable adopters of Bitcoin, and in February, announced that it had invested upwards of $1.5 billion into the burgeoning cryptocurrency. Not only did the company manage to make back an eye-watering $1 billion in profits shortly afterwards, but its sizable investment also helped to boost Bitcoin’s market value to see it break the $50,000 barrier for the first time in history.
Tesla has also now begun to accept Bitcoin as a payment method for any of its vehicles, making it just the latest in a string of big-name global brands to do so in recent months – and paving the way for even more to follow suit.
Trade online
For those with an entrepreneur mindset, it goes without saying that Bitcoin can be used to make a profit in trading. However you acquired your Bitcoin fortune, there are a number of online trading platforms to choose from where you can opt to sell and generate revenue from your crypto – but be sure to search for reputable trading sites as they can help you maximise your profits.
The Bitcoin Billionaire app website is a great place to start, and uses an advanced AI system to collect and analyse market data, making accurate predictions around future market fluctuations and thus facilitating a more effective trading process. With this information, traders can gain valuable insight into what to expect over the coming months, and are more easily able to maximise their profits.
With thousands of users around the world, the platform is quick and easy to register with, and with a solid profitability rate it’s a great choice for both new and experienced traders alike.
Gaming
Bitcoin isn’t just for trading or making expensive purchases, and in 2021 it has officially entered the gaming space. Microsoft, which has long been a huge advocate for this cryptocurrency, has been accepting Bitcoin as a payment method for its games and services for some while now, and wealthy entertainment enthusiasts can now use their fortunes to purchase the latest Xbox, which is one of the most popular games consoles in the world.
Online casinos, too, are now widely accepting Bitcoin deposits from players – which has proven to be a wise move when it comes to attracting and retaining the world’s high-rollers. Wealthy individuals who aren’t afraid to play big are of the utmost in value to casinos both online and off, and this forward-thinking move has enabled them to generate an even greater annual revenue as a result.
The bottom line
Gone are the days when the use of Bitcoin was limited to trading alone, and in 2021, numerous other big-name brands are riding the crypto wave in a bid to boost profits and retain high-net-worth customers. Travel giant Expedia, for example, now allows customers to book and pay for any of its 700,000 hotels around the world using Bitcoin, while brands such as Shopify, Overstock, Starbucks and Whole Foods have also jumped on the bandwagon.
Whichever way you look at it, Bitcoin is slowly but surely making its way into the mainstream – and in years to come, we could all be settling up for everything from our first class flights to our weekly fine dining dinners out with this new and innovative means of payment.
The post How and where you can use Bitcoin in 2021 first appeared on Luxury Lifestyle Magazine.