Wednesday 3 January 2018

Can you buy a luxury yacht with bitcoin?


You can really live large with Bitcoin nowadays. It's crazy what you can already buy with it.

Want a giant diamond ring? No problem you can purchase diamond jewelry with Bitcoin. Reeds Jewelers, a national jewelry chain, recently started accepting Bitcoin in all of its retail locations.



Have you heard of BitPremier for example? It's a luxury Bitcoin marketplace that continues to push the envelope. You can now buy an $11 million yacht through them and use crypto currency to complete the transaction. A couple of years ago they confirmed one the largest Bitcoin property purchase on record: a $500,000 villa in Bali.

Denison Yachting has also just announced that it will accept Bitcoin as payment for new yachts orders. They also state: "Bitcoin is not just a 'millennial' fad," said Bob Denison. "There are Bitcoin users of all ages, across all continents buying and selling luxury goods, including cars and villas. There's absolutely no reason why a seller should be wary of accepting Bitcoin."

Bitcoin gold rush: bubble or money?


If you think it is too late to generate serious wealth by investing in bitcoin you might be very wrong. There is no reason why an old-fashioned buy and hold method wouldn't work here.

Many others say however that the sudden rise of Bitcoin and the investment gold rush is leading to a bubble that will burst very-very soon and you should sell bitcoin as soon as possible or until the prices are still decent and haven't plummetted to the floor. Or... buy a yacht from it as an investment and turn your chartering business into a fortune.

It's not for us to decide which side is right - and there's really no way to tell at this point - all of this is just speculation.

Luxury purchases with Bitcoin? In 2018 nothing is impossible.


Among other crazy and amazing things, you can even buy a flight into space and pay the bill from your bitcoin wallet to Virgin Galactic Company founded by no other than the well-known business tycoon Richard Branson.

Other impressive possible purchases with bitcoin include supercars such as Lamborghinis, vintage luxury Rolex watches, a Gold Rolls-Royce Ghost and even a private mini-submarine.

2017 was definitely the big year for Bitcoin (and other various alt coins too for that matter). Let's see how this upward pointing success curve continue in 2018 and what will this crypto-rollercoaster has in store for us.

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