Bitcoin’s popularity is growing by the day, and more and more people are making the oldest cryptocurrency their preferred transaction method. Businesses are also adopting crypto as a way to become more flexible, convenient, and diverse. Major companies from sectors like IT, banking and finance, online entertainment, etc. are among those who first embraced the new, decentralized currency. Smaller organizations and startups were quick to follow.
Nowadays, you can buy many services and products using Bitcoin and other cryptocurrencies. Many non-profit and charity organizations are also accepting donations in crypto. However, decentralized currencies are still far from ubiquitously penetrating the transactional realm.
Therefore, it is really exciting to see Bitcoin being utilized in unexpected ways. Below, you will find three of the most surprising things you could buy with it. However, let us first begin by briefly examining the concept of cryptocurrency and Bitcoin.
What Is Bitcoin and How to Play at Online Casinos with Bitcoin?
If you are reading this article, chances are you are already familiar with Bitcoin. However, let us summarize just in case. Bitcoin is the first cryptocurrency that has become a popular digital payment tool. You can use it to buy all kinds of services and goods, which we will discuss at length below. For instance, many excellent casino websites allow you to wager in Bitcoin and the rest of the most popular cryptocurrencies. You can find the entire list of Bitcoin casinos on this page. However, let us leave that for now and get back to the nature of cryptocurrency.
What is a cryptocurrency?
Crypto is a type of digital currency, which is highly trustworthy and nearly impossible to forge because it is backed by cryptography. Most cryptocurrencies available today are based on blockchain technology and employ a distributed ledger.
According to Wikipedia, a distributed ledger is a “consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions.” The best thing about it is that it does not have a single central authority, which rules out the problem with a potential single point of failure.
The digital ledger is duplicated and distributed across a network of computer systems using blockchain technology. This makes it impossible to compromise the information by changing or otherwise attacking it.
Now that we have all this technological information out of the way, let us talk about the advantages of cryptocurrency. To begin with, thanks to their decentralized nature, cryptocurrencies can easily avoid being controlled by centralized authorities and governments. Also, blockchain is deemed as a strong force that has the power to disrupt many industries and transform the traditional way in which businesses work.
While obviously, cryptocurrencies possess many advantages providing cheaper, speedier, and much easier transactions, they also have a few disadvantages. These include the high carbon footprint, the heightened volatility, and potential use in criminal activities.
What are the most important things I need to know about Bitcoin?
Bitcoin was the first cryptocurrency to enter the market in 2009, following the 2008 Great Recession and the growing distrust in banks and centralized financial institutions. As is usual for a cryptocurrency, its price is highly volatile. Regardless, its value has skyrocketed from $1 in 2011 to more than $40,000 for 1 Bitcoin at present.
The world has seen much speculation about cryptocurrency in general and Bitcoin in particular. However, most experts foresee a bright future in front of this cryptocurrency. The global market is always on the lookout for innovation, flexibility, and reliability, and Bitcoin tackles all of these aspects.
So, What Can I Actually Buy with Bitcoin?
You can purchase plenty of stuff with Bitcoin. To begin with, you can buy a car, for example – a Tesla. Elon Musk is known for his visionary approach, so it is no wonder his company was quick to endorse cryptocurrency. If you are a lover of luxury, you can opt-in on a Bentley, Bugatti, or a Porsche.
You can also execute all kinds of everyday purchases like groceries and fast food, clothes and footwear, home appliances and furniture, electronics and devices, different gadgets, art, and more. However, there is much more to Bitcoin than that, as you will see below.
Buy a Lap Dance
That’s right! A few gentlemen’s clubs have now allowed ordering any of the available services by paying with Bitcoin and its most utilized fellow currencies. One such place is the Legends Room in Las Vegas. In other words, there is no need to carry around a wallet full of cash if you have gone out for a little treat.
Play at Online Casinos
The online gambling industry was among the first adopters of cryptocurrency. Crypto is one of the best transactional methods at online casinos. It is easy to use, trusted, and anonymous. Many users are scared to use traditional methods when playing at online casinos because they are afraid of potential breaches in security. This is a reasonable concern given the fact that there are quite a few scam operators that seemingly appear as reputable and trustworthy gambling sites.
Get a Lunchtime Breast Enhancement
You read that correctly. Some plastic surgery clinics already allow you to pay for their services in Bitcoin. This way, you can get access to all kinds of traditional and innovative procedures. Fancy a Brazilian butt lift or a 20-minute breast enhancement? All you need to do is get these Bitcoins rollin’!
What Else
If the items above have not been enough, let us mention a few other things you can spend your Bitcoins on, such as flowers, antiques and collectibles, video games and gaming hardware, real estates like townhouses or vacation properties, beachwear, engagement rings, and – of course – crypto mining monitors and software.
As you can see, the choice is limitless. Buying stuff for yourself and others is nice. However, you might also consider investing in the future. In this regard, Bitcoin is a very intriguing asset, so we recommend checking out some expert analyses to learn more.