5 Extravagant Luxuries That People Have Bought with Cryptocurrency

Cryptocurrencies are changing the world, and it’s very exciting.

One of the best parts about cryptocurrencies is the fact that they enable you to buy a range of different luxuries. Yep, it’s true –  you can buy luxury products and services with crypto no matter where you live.

Which cryptocurrencies are most popular?

To buy extravagant luxuries with cryptocurrency, you will generally need to use one of the commonly traded ones. This is because most companies and brands only accept a handful of the top cryptos for security purposes.

Cryptocurrency stock price at okx.com gives you a clear insight into the most popular and valuable cryptocurrencies. Right now, Bitcoin is the most popular, hence why so many online and brick-and-mortar stores accept it as a payment medium. Tether (ranked third) is also another good example.

What luxuries can you buy with cryptocurrency?

Now that you’re up-to-date with the latest information, you can now take a look at the top 5 of extravagant luxuries that people can buy with cryptocurrency. Disclaimer: some of them might surprise you!

1. Rolex

Whether you’re a man or woman, young or old, you probably have the dream of owning a Rolex, right? Almost everyone on the planet dreams about this – after all, Rolex’s are the peak of luxury watches.

Well, over recent years, thousands of Rolexes have been purchased using cryptocurrencies. Most of these watches were purchased online via websites like Swiss Watch Trader, which allows people to purchase Rolexes (and other watch brands) using Bitcoin.

So, if you start making smart crypto investments today, the day could arrive in the future when you get your hands on a Rolex…

2. Gold

In addition to this, you can also buy gold (and silver) with various cryptos.

The internet is a big place, and various gold and metal retailers have started to accept crypto.

Many people are doing this as a long-term investment. Gold is known to increase in price as the years go by, making it a great luxury to add to your portfolio.

3. Tesla Model S

Elon Musk is a big fan of cryptocurrency. Therefore, it’s hardly surprising that his company Tesla accepts it as a payment medium.

Over the years, hundreds of people have purchased the Tesla Model S with cryptocurrency (Bitcoin was the main crypto that Tesla was accepting in the past).

However, last year, Musk announced that the only crypto that Tesla would be accepting moving forward was Dogecoin.

So, if you want to buy your first Tesla model with crypto, you’re going to have to invest in Dogecoin. Or, finger-crossed, Musk will make it possible to use other cryptos in the future.

4. Yacht

Only a select few people have purchased yachts with crypto – but it’s impressive nonetheless.

SuperYachtsMonaco and several other companies currently accept crypto for those wealthy enough to purchase yachts and boats. If you’re interested, you can contact them to arrange a deal!

5. Hotel stays

Finally, you can now use crypto to book luxury stays in hotels around the world.

For example, many hotels in cities like Las Vegas and Dubai are now allowing people to book their stays with crypto. As the world becomes more digitalized, it’s highly likely that this be the norm by 2040.