Even if you’ve been living on another planet for the past few years, you’ll have heard about Bitcoin. Slowly but surely, Bitcoin has taken over modern culture; now, there are over 150 million people worldwide who own Bitcoin – a number that’s growing every day.
In simple terms, Bitcoin is a type of cryptocurrency that exists virtually. In other words, it’s not a physical currency; it’s an internet-based currency that you can’t hold in your two hands.
If you’ve recently invested in Bitcoin (or are at least thinking about doing it), then you’ll want to know what exactly you can use Bitcoin for. With this in mind, here are five cool things you can spend your Bitcoin on.
- Blackjack Betting
For a while, people have been playing blackjack in land-based casinos as well as on online casino platforms. Over recent years, online blackjack has especially become more popular in the internet casino realm. To bet in an online blackjack game, people will mostly use their domestic currency. For example, Americans will bet on individual blackjack games using the dollar.
Interestingly, though, online blackjack is starting to change. Now, you can do bitcoin blackjack betting with Thunderpick platform online. This is the same as normal online blackjack, with the only difference being that you’re betting with Bitcoin. If you win, you keep your Bitcoin and also collect winnings. If you lose, the Bitcoin you wagered goes to the casino.
For casual owners of Bitcoin who like to play online games, blackjack betting is a great source of entertainment to try. Moving into the future, Bitcoin might even become the default cryptocurrency in most online casinos and betting sites, given its increasing popularity that shows no signs of slowing down.
Trading Bitcoin online is a great way to make money – potentially. However, you have to make smart trades in order to do this.
To trade Bitcoin, you’ll need to use a trading platform. You’ll then need to take a position on the price of Bitcoin’s value to rise or fall at particular points during the day or week. Essentially, the key is to ‘buy low’ and ‘sell high.’
- Buy Property
Believe it or not, thousands of people are now buying properties – such as apartments and houses – using Bitcoin. Although this isn’t a mainstream practice yet, it’s slowly becoming more common around the world.
By 2050, it’s highly likely that all property will be purchased and sold using cryptocurrency, meaning now is a good time to join the trend.
You can now buy lots of online games using Bitcoin. For any video game fanatics out there, this is a great way to spend your Bitcoin. Just remember to choose the games you like!
- Buy a New Car
Lastly, if you want to, you can buy a new car using your Bitcoin. Elon Musk is a big fan of Bitcoin and originally allowed people to buy Tesla models using Bitcoin. However, you currently can’t do that anymore, but the scheme might be reintroduced in the future.
For now, you will have to buy other cars with Bitcoin. If this doesn’t appeal to you, you can simply save your Bitcoin and wait for it to increase in value.