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Want to Spend Your Bitcoin? Here are Some Ideas

January 26th, 2022 by Irwin Fletcher Comments

Bitcoin has entered the mainstream conversation and shows no sign of leaving anytime soon. There are many reasons for this, but the most significant one is that it is based on a blockchain, which many people are discovering has numerous benefits over traditional banking systems. Nonetheless, while many people invest their fiat money into Bitcoin and other altcoins, many novices still don’t understand how they work. This post will explain some exciting things you can spend your bitcoins on, from consumer purchases to other investments.

Tickets To A Maverick Game

The Mavericks are an NBA team based in the USA and happen to be owned by none other than Mark Cuban. Cuban, who used to be renowned for his bitcoin skepticism, changed his views on the popular currency and now accepts it as a valid form of payment for those looking to watch them play. While this might only be a valuable thing to spend on if you are a Mavericks fan, it is an interesting addition to this post as it shows how mainstream the token has become.

Non-Fungible Tokens (NFTs)

An NFT is a type of digital asset that can be owned, traded, and exchanged in a decentralized virtual marketplace. They can be works of art, games, virtual real-estate and look to become increasingly popular as the metaverse begins to expand its reach. Although you can’t usually directly buy an NFT with bitcoin, you can easily exchange it for something like Ethereum, which most NFT marketplaces accept.

Vegas!

It is incredible to think that some casinos in Sin City accept Bitcoin as a form of payment to indulge in your gambling hobby. Nonetheless, you can walk straight into some casinos and simply exchange your bitcoin for whatever tokens or chips they use, and you’re off to the races. Moreover, crypto betting is becoming so popular nowadays that you often don’t have to leave the comfort of your own home to participate. Many online casinos allow you to deposit bitcoin into your account to begin playing.

Buying Other Cryptocurrencies

With the multitude of other altcoins available on the market, it shouldn’t be a surprise that some will have more value than bitcoin. While bitcoin doesn’t look like it is going anywhere, other options far exceed its utility by utilizing different blockchain technology. The most obvious example is that used earlier (exchanging bitcoin for Ethereum ), but you have the option for almost anything. For instance, if you have some bitcoin, but you want to speculate that another coin will rise in value over a certain period of time, you might decide to use your bitcoin to “buy” the other token. This can be a risky move if you are not sure what you are doing, as you could lose a lot of money, but the option is there if you want it.

Anything In El Salvador

In September 2021, El Salvador became the first country in the world to accept bitcoin as legal tender. While some are now questioning that decision, the fact remains that you can use bitcoin to buy pretty much anything in the country. This ranges from using it at vegetable markets to buying vehicles and houses; the opportunities are endless!

A Round The World Cruise

If you have enough bitcoin burning a digital hole in your digital wallet, you might want to offload some of them on a worldwide cruise courtesy of Experia. You can find the cruise in question via their site, and it is Experia who accepts the token and then book the cruise on your behalf. Refunds are available, but only at the original cost in fiat rather than your original bitcoin, so bear that in mind if the price suddenly shoots up for whatever reason.

An Apartment In Dubai

Dubai has consistently proven to be at the forefront of technology adoption, so you should expect nothing less. In 2018, and in association with Aston Plaza & Residences, the first 50 customers were invited to buy the condo of their dreams using Bitcoin. Although that was a testbed for cryptocurrencies and real estate, it looks like purchasing some property using the currency is taking off elsewhere. However, suppose you are considering buying real estate with bitcoin. In that case, you should perform a detailed cost to benefit analysis to ensure you don’t lose out if the process fluctuates wildly, as it seems to be doing recently.

Diamonds

Diamonds are a girl’s best friend, but they’re Bitcoin holder’s friends as well. It turns out that you can buy diamonds with your cryptocurrency, and it kind of seems that these two assets are a match made in heaven.

So there you have it, some interesting things that you can buy with bitcoin. In reality, you can buy almost anything as long as the vendor agrees to accept it, and you create a private deal. However, with more and more cryptos emerging, it won’t be long before bitcoin, and other altcoins are widely accepted for purchases.

I'm an LA journalist who really lives for his profession. I have also published work as Jane Doe in various mags and newspapers across the globe. I normally write articles that can cause trouble but now I write for FTN because Nerds are never angry, so I feel safe.