Would You Sell Your Car For Bitcoin? Jason Williams Sold His Chevy.
Jason Williams who is the co-founder of Morgan Creek Digital favors to exchange his used cars for crypto rather than cash.
As Bitcoin (BTC) momentum still remains to rise, some people seem to fancy selling their reserve for cryptocurrency rather than fiat money.
Jason Williams who is the co-founder of Morgan Creek Digital favors exchanging his used cars for crypto rather than cash.
Williams published on Twitter that he exchanged his 2007 Chevrolet Suburban for 0.4 BTC, a value of nearly $7,300 at announcing time. A used 2007 Suburban values nearly $7,000 according to car shopper website Edmunds.com.
According to Chevrolet's official website the brand new 2021 model costs above $50,000.
If the Bitcoin price rises up to $130,000, as some have foretold, there's a possibility Williams will get rid of his 13-year-old car for as much money as a new model.
Despite announced instances of stars and businesspeople using crypto for transactions, Bitcoin use for payments is still comparatively low, and several have judged the coin for being a weak means for payment. Still, in a fresh blog post Fidelity Digital Assets aimed to dismiss this idea, hinting that the Bitcoin network's decentralization and immutability were a good trade-off.
Jason Williams who is the co-founder of Morgan Creek Digital favors exchanging his used cars for crypto rather to cash.
Moreover, big payments-related companies are eventually getting on-board with the seminal cryptocurrency. Beginning this month, big payments network PayPal eventually rolled out its crypto trading and payment service to clients in the US.
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