Bitcoin has exploded in popularity as a digital currency. Though many Bitcoin traders see the asset as an investment to hold, it can also be used to purchase many things around the world. Here are three surprising products that can be purchased with Bitcoin.
Although Bitcoin itself is often considered a form of digital gold, you can also use it to purchase actual gold. There are many websites and companies such as JM Bullion that will allow you to purchase a variety of precious metals. If you ever feel like Bitcoin’s value may drop, transferring some of your holdings into gold may be a sound hedging strategy.
Bitcoin isn’t only accepted for finance-related products and assets. Even simple everyday necessities can be purchased with the cryptocurrency. The fast-food giant Burger King started encouraging its Dutch customers to pay with Bitcoin by offering a buy one get one free deal for its whoppers. Of course, there many other restaurants and businesses around the world that also accept Bitcoin.
Tesla is perhaps the best example of an automobile that can be purchased entirely with Bitcoin. However, this is far from the only brand of car that is available in exchange for cryptocurrency. In fact, there are many services online that specialize in selling a large variety of cars exclusively for Bitcoin. These services offer everything from luxury cars, to RVs, to bikes.
Even if you began your crypto journey as a Bitcoin trader, it’s worth taking a look at the incredible amount of things that you can purchase with the cryptocurrency. Of course, using Bitcoin instead of traditional fiat options will give you a higher level of control, anonymity, and will support or promote the industry as a whole.
Stay tuned for more blog articles on different concepts and ideas that will improve your knowledge as a Bitcoin trader.
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