Bitcoin has already been made available at ATMs across the whole world especially in the United States. People can make purchases or sales of the leading digital currency at Bitcoin-supported Automated Teller Machines (ATMs) by using a debit card or cash. Bitcoin is now being used by people for buying or selling physical items. It is widely being adopted as a payment method all across the whole world.
The most recent example is the co-founder of the investment management firm Morgan Creek Digital who has used Bitcoin as a payment method for selling his car. Jason Williams has revealed in a tweet on the 19th of November that he had recently sold his 2007 Chevy Suburban car for an amount of 0.4 Bitcoin (BTC). This amount is worth approximately $7400 at the coin’s price rate of $18,660.
It is interesting to note here that Williams accepted Bitcoin as a payment method instead of a fiat currency. He even said in the tweet that he had done well and it was an easy decision to use Bitcoin for selling his Chevrolet Suburban instead of a government-issued currency.
Sold it for 0.4 BTC fwiw. Feels like I may have done well. We will see. https://t.co/nMUm2AfkAp
— Jason A Williams (@GoingParabolic) November 19, 2020
The price of a brand new 2021 Chevrolet Suburban is around $51,700. If Bitcoin’s price surges above $130k during the upcoming years, the price of James Williams’ 2007 model card would be more than that of the 2021 model.
Over recent days, the price of the top-ranked cryptocurrency is on a potential rise. The price value of Bitcoin has surged high to trade at around $18,700 at the press time. It is trading in the positive zone with a change rate of 0.26 percent in the last 24 hours. Bitcoin’s technical factors and fundamental trends are continuously driving the price value of the coin higher. Bitcoin is now only five percent far away from hitting its all-time high value once again after the duration of three years.
Meanwhile, the world’s largest digital currency in terms of market cap is being praised globally. Recently, the Chief Investment Officer (CIO) of BlackRock said that Bitcoin is here to stay. He also said that Bitcoin has got the potential to replace Gold.