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With the popularity and value of crypto currencies like Bitcoin and Ethereum continuing to rise, it's never been easier to spend digital money on real-world luxury, with all of the usual suspects on the horizon. People looking to convert their digital money for actual goods can now purchase everything from megayachts to sports cars, paintings, and even gold bullion. Here are some of the most opulent, extravagant, and expensive ways to spend your cryptocurrency.
"Cryptocurrencies have become a fundamental element of today's world and will continue to grow in importance," says Ocean Independence managing partner Peter Hürzeler.
"As a result, our clients may now pay for their yacht purchase and hire with this sort of currency," says the company.
. As one of the first yachting firms to do so, we are thrilled to be able to accept the majority of popular cryptocurrencies.
Megayachts
This year, Ocean Independence, a Swiss yacht brokerage agency, stated that it would begin accepting cryptocurrency from purchasers interested in purchasing some of the world's most unique vessels."Cryptocurrencies have become a fundamental element of today's world and will continue to grow in importance," says Ocean Independence managing partner Peter Hürzeler.
"As a result, our clients may now pay for their yacht purchase and hire with this sort of currency," says the company.
. As one of the first yachting firms to do so, we are thrilled to be able to accept the majority of popular cryptocurrencies.
Anyone with a crypto fortune burning a hole in their USB drives might want to consider a superyacht like Soaring. The 68-meter Abeking & Rasmussen superyacht offers luxurious accommodations for up to 12 guests in six bedrooms, as well as a variety of indoor and outdoor recreational areas, including a magnificent spa. A private deck and outdoor sitting space are also available to the owner.
Soaring might be yours for roughly 2,218 Bitcoin at the time of writing, with a price tag of €98 million ($107.5 million).
Property
A luxurious property will be a top goal for any self-respecting crypto billionaire. Fortunately, the real estate industry has been fast to welcome cryptocurrencies, with many agents currently accepting Bitcoin for property sales.
Bithome is one such company that displays properties for sale all over the world that can be purchased using the famous digital currency. There are several options to pick from, including a beach house in Fiji, a penthouse in Cyprus, and a property in Romania.
A three-bedroom apartment in the old Swiss city of Lugano, which sits near the gorgeous lake that bears its name, is one of them. The 1,940-square-foot property is beautifully outfitted, with made-to-measure wardrobes from neighboring Italy and two parking spaces in a thermoregulated garage, and is listed at 54.6BTC – nearly $2.25m at the time of writing.
Cars
It should be easy to find acceptable premium cars to occupy those two empty parking spaces.
Sportscars have been among the most well-known acquisitions made by a new class of ultra-wealthy people who have gained their fortune through cryptocurrencies. Bitcars, based in Europe, now takes a number of cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, in return for some of the world's most luxurious automobiles.
The company, which began by selling expensive watches and jewelry in exchange for bitcoin, is now offering a Ferrari SF90 for a little more than 22 BTC, or nearly $900,000 in today's currency. The SF90, a mid-engine plug-in hybrid, is the crown jewel of the marque's line-up, available only to those clients judged worthy by the famous Italian supercar constructor.
It lapped the company's Fiorano test circuit faster than the brand's hypercar, the LaFerrari, while still managing more than 80 kilometers per litre – ideal for the eco-conscious crypto baron looking to offset the environmental impact of Bitcoin mining.
However, cryptocurrency may be used to purchase more than only current supercars. You can't do much better than a 1957 Mercedes 300 SL if you want a truly exquisite driving experience. The convertible Mercedes embodies the beauty and grace of a bygone era, and is listed on Bitcars for 37.710400 Bitcoin, or roughly $1.5 million. Its beautiful red leather inside would provide the ideal vantage point for a trip into the Swiss Alps.
Gold and silver bullion
Gold or silver bullion could be ideal for those who are less interested in flashy shows of wealth but still wish to invest their crypto fortune in actual assets.
Specialist firms like Bitgild have sprung up to fulfill the needs of savvy investors who want to avoid the volatility of cryptocurrencies and instead invest in the comparatively secure haven of precious metals. Unlike the realm of luxury yachting, the cost of such a service is affordable to even the modestly rich.
At the time of writing, a 50-gram bar of gold costs around $3,200 (or 0.0779064544BTC), while a one-kilogram bar costs almost $63,000. Bitgild presently accepts 18 crypto currencies, including BTC and ETH, which can be used to acquire silver, which costs less than $1,000 per kilogram.
Art
While digital art sales for large sums of money have made news in recent months, digital currency can now be used to purchase physical art. When a pair of paintings by British graffiti artist Banksy sold for 3,093 ETH – more than $12 million – in November, Sotheby's became the first auction house to accept cryptocurrency as payment for tangible works of art.
Sotheby's, which has been in business for almost 300 years, now enables live Ethereum bidding during some auctions, with the hammer price also available in Bitcoin and USD Coin.
Christie's, not to be outdone, started taking cryptocurrencies as payment for tangible art last year, selling a $5.4 million Untitled painting by Keith Haring.
While cryptocurrencies are generally used in Christie's contemporary art sales, they are also accepted in some private sales. Make sure your art buyer inquires about Andy Warhol's Shot Sage Blue Marilyn, which, if it sells for the estimated $200 million, will become the most expensive 20th-century work ever sold.
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crypto-Invest
