Bitcoin

Morgan Creek Digital Co-Founder sold his car for Bitcoin

As Bitcoin’s momentum continues to increase, Some people seem to prefer selling their things for cryptocurrency rather than fiat money.

Jason Williams, Co-founder of Morgan Creek Digital, a digital asset investment company led by Morgan Creek Capital, sold his car for bitcoin.

Williams announced on Twitter that he sold his 2007 Chevrolet Suburban for 0.4 BTCValued at approximately $ 7,300 at press time. According to car buyers website Edmunds.com, a used 2007 Suburban will cost around $ 7,000, while the new model will cost more than $ 50,000 in 2021, according to Chevrolet’s official website.

Morgan Creek Digital Co-Founder sold his car for Bitcoin
Morgan Creek Digital Co-Founder sold his car for Bitcoin

When Bitcoin’s price is above $ 130,000 as some have predicted, Chances are Williams sold his 13-year-old car for as much money as a new model.

Despite the published cases of celebrities and entrepreneurs doing business in cryptocurrencies, The use of Bitcoin for payments remains relatively low, Y. Many criticized the currency as a bad means of payment. In a recent blog post, Fidelity Digital Assets wanted to dispel that thought. This suggests that the decentralization and immutability of the Bitcoin network was a worthy compromise.

Furthermore, Top payment companies are finally getting into the pioneering cryptocurrency. Earlier this month, the leading payment network PayPal finally launched its crypto trading and payment service for customers in the United States.

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