Cryptocurrency has cemented itself as a financial alternative that has upended established financial systems. Cryptocurrencies offer decentralized, secure, private, and international options that are accessible to many, so it’s a no-brainer that cryptocurrency is used worldwide as a means of spending. Though many use it for trading and keeping a virtual wallet with untracked funds, there are a plethora of places you can go to if you find yourself with an extra coin or two. When Bitcoin was first invented in 2009, it was worth 10 cents, and in 2010, it went to 20 cents.
By the 22nd of May in 2010, Laszlo Hanyecz, who was a programmer from Florida, went on to purchase two pizzas from Papa John for 10,000 bitcoins. This was the first recorded transaction in the real world, and at the time, it was worth a measly $41. Since then, the cryptocurrency has gone up by 30,000% – and it’s now $42476.30, give or take, for just ONE bitcoin.
While Papa John’s is probably relishing in their win from 2010, and Laszlo is kicking his feet at his pizzas, this article is going to take a look at the more exciting purchases that have been made with Bitcoin. Though it’s gone up to a pricy amount, if you are lucky enough to have invested in Bitcoin, these are the top five purchases that we’d make if our (virtual) wallets were padded. Let’s go…
1) Gift Cards
First things first: if the vendor you want to buy from doesn’t accept Bitcoin, you can always buy a gift card! Alternatively, if you want to put your crypto into a gift, then there are hundreds of brands across the world that you can purchase from where crypto wallets are accepted.
If it’s not gifts you’re after and you’d rather test your lucky streak (after all, you were lucky enough or smart enough to have invested in Bitcoin in the first place!), then you could tune in to some good old-fashioned fun at a casino – because lots accept cryptocurrencies now! Why not buy a crypto casino gift card and try your luck on the slots or at roulette? Head over to Bodog and get yourself a casino wallet that’s loaded up with your crypto. There’s only one thing better than spending your hard-earned investments, and that is winning some back! Imagine how lucky you’ll feel then!
2) Cars
When it comes to supercars and bitcoin, the world is your oyster. You have Lamborghini, Porsche, Mercedes, Ferrari, and all the big names that offer the opportunity to purchase cars with your crypto wallet. There are no limitations to what type of car you can get, and the rule goes – if you’ve got it in the wallet, then you can spend it. Sign us up for the 2024 G Wagon, please!
3) Luxury Jewelry
If you are spending your investments, then it’s always good to buy something that will hold its value. Luxury goods, especially jewelry and watches, are the top investment for people who are looking at purchasing an item over $15,000. The rule of thumb is that all luxury goods will resell for the same amount or more if you’re looking at an item of value or a desired piece. We recommend keeping an eye out for the most popular watches that are in high demand, and then making an investment as you see fit.
Choose from Patek Philippe or Rolex if you want to make a good flip on your watch, or brands like REED if your eye is caught by buying gems. Remember, diamonds are forever!
4) Traveling to Space
This one is for the thrill seekers around, and if you’re a Bitcoin extraordinaire who has followed all the top tips for enhancing your performance, we’d bet our bottom dollar that you’re in this category! Have you heard of all the rich and famous heading to space? Well, now that can be you… You can use over 70 different cryptocurrencies to buy a ticket for Richard Branson’s Virgin Galactic and get your spot on the moon! We’ll meet you in space.
5) Property
Another sound investment for people who are looking to keep their buck where it should be is property. Cryptocurrency offers new ways to purchase property, keeping your money completely decentralized. There are several realtors who accept many types of cryptocurrencies as a form of payment. The two most accepted are Bitcoin and Ethereum, so if you’ve found yourself with a few spare coins, invest in your next holiday home.
6) Food
We don’t all have millions in our crypto wallets, and that’s okay too. Sometimes, it’s still fun to buy the menial things in life with a virtual fund. Whether it’s your morning latte at Starbucks, your deep pan from Domino’s, or a footlong from the nation’s beloved Subway – finding a restaurant chain to spend your crypto is now easier than ever before! The most common coins that all of these tangible purchases can be bought with are usually Bitcoin, Ethereum, and Dogecoin.