Some investors will tell you that the best thing you can do with your Bitcoins is to sit on them. With the value of Bitcoin having grown exponentially over the past couple of years in particular, they’ll insist now really is not the time to be spending them.
By contrast, others will tell you the exact opposite. There are in fact many different ways to convert cryptocurrency into other valuable assets or experiences. If you’ve already made a decent amount of money by investing in Bitcoin, why would you not reap the fruits of your efforts?
As Bitcoin becomes increasingly mainstream, more people than ever before are finding themselves with a decent stack of funds a play with. Platforms like Bitpatt are making it easier to get into the crypto game than ever before, which is exactly what millions are doing.
But assuming you’ve got a stockpile of Bitcoins burning a hole in your (virtual) pocket, exactly where can you spend them right now? Tesla recently hit the headlines by announcing the company would begin accepting Bitcoins for vehicle sales, but which other companies are getting well and truly on the Bitcoin bandwagon?
Whatever you’ve got your sights set on, you might be surprised in how many ways you can spend Bitcoin and convert cryptocurrency in 2021:
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If you fancy picking up a pair of courtside Mavericks tickets, you can do just that. In a recent interview with CoinDesk, Mark Cuban said he not only intended to start supporting Bitcoin payment, but would also begin accepting various other cryptocurrencies soon enough. In which case, why not splurge on the VIP package of a lifetime?
Far from luxurious, but you have to admire the moxie of the franchise Burger King outlet in Arnhem in the Netherlands. Back in 2016, they launched a buy-one-get-one-free offer for customers paying in Bitcoin. All of which turned out to be a pretty savvy move, given the huge gains Bitcoin has achieved in the meantime.
Elite cosmetic surgery has never been cheap, so it stands to reason why several plastic surgeons in the United States now accept Bitcoin payments. One of the most famous of which is New York’s body SCULPT, which stakes claim to be the first cosmetic surgery clinic in the state to accept cryptocurrency.
If something should happen to you while you’re sitting on a cryptocurrency fortune, you may as well go out in style. Not only did Crescent Tide Funeral & Cremation in Minnesota hit the headlines for becoming the first funeral home to officially accept Bitcoin, they also lavish crypto customers with an exclusive 3% discount. Generous, right?
Where else but Texas to find the first shop that would officially begin accepting Bitcoin payments for firearms, a peculiar way to convert cryptocurrency huh? 2014? Central Texas Gun Works could well be laughing all the way to the bank right now, even if the Chinese proportion of their sales were paid for in cryptocurrency over the past six years.
If you plan on waxing a sizeable six-figure sum on a Rolex watch, why not use your hard-earned Bitcoin stockpile? JavyEstrella.com was one of the first online retailers to begin accepting the digital currency for luxury purchases, though has since been followed by a long line of other independent outlets and major retailers.
Anything You Like in Japan
Japan’s love affair with cryptocurrency has resulted in a local landscape where you can buy just about anything with Bitcoin. It’s not a case of searching for a retailer to convert cryptocurrency – it’s actually harder to find one that doesn’t.
A Trip to Outer Space
Whether it will actually happen during the course of our life remains to be seen, but the plucky (and optimistic) Sir Richard Branson has thrown his own weight behind the whole crypto thing. For the more adventurous types with plenty of Bitcoins at their disposal, why not book yourself on one of Virgin Galactic’s first commercial space flights?
A somewhat peculiar purchase option for the successful Bitcoin trader, cryptocurrency is now accepted for the purchase of lottery tickets in at least two North American states. A questionable way to convert cryptocurrency, but interesting nonetheless.
At the Blackjack Table
The Golden Gate Hotel & Casino in Las Vegas sparked a revolution by becoming the first in the city to start accepting Bitcoin around seven years ago. Ideal for anyone looking to transform their stack into an even bigger fortune, or go out in a blaze of glory on a single roll of the dice.
Your Very Own Tesla
Of course, a notable mention must go the way of Tesla – mainly due to the fact that Elon Musk’s massive recent Bitcoin purchase is half the reason it’s been performing so spectacularly ever since. If you’ve had your eye on one of Tesla’s iconic EVs, what more fitting way to blow your Bitcoin wad?