Bitcoin (BTC) was a niche digital asset, but now, it has turned into a widely accepted form of payment. It was used initially for small transactions and online purchases. But now, you can buy whatever you want with it, even luxury cars and private jets.
Table of contents
- Real Estate: Buying Homes With Bitcoin
- Luxury Cars: Supercars and High-End Vehicles
- Private Jets and Yachts
- Jewelry and Luxury Watches
- Fine Art and Collectibles
- Luxury Travel and Space Tourism
- Digital Real Estate and NFTs
- Conclusion
How Common Are High-End Purchases With Bitcoin?
Bitcoin is now used for a variety of transactions. Buying luxury cars and real estate is becoming more common. Some high-end brands, auction houses, and real estate companies now accept BTC. Some early Bitcoin adopters have amassed significant wealth and can now use their holdings to buy rare and valuable assets.
What are the most expensive items that have even been bought with Bitcoin? Let’s have a look.
1. Real Estate: Buying Homes With Bitcoin
Can You Buy a House or Apartment With Bitcoin?
Now, one can buy real estate with Bitcoin. Several real estate companies and developers now accept BTC as a form of payment. Some luxury properties in cities like Miami, Dubai, and London have already been sold for crypto.
Where Can You Buy Real Estate With Bitcoin?
Here are some places where you can buy real estate with Bitcoin.
- Dubai: The UAE is one of the most crypto-friendly regions. Some real estate developers there, such as DAMAC Properties, accept BTC.
- Miami: Some luxury properties such as multi-million-dollar penthouses in Miami have been sold for Bitcoin.
- Portugal: The country has also seen Bitcoin real estate purchases.
- Bali and Thailand: Some property developers in Southeast Asia also allow Bitcoin purchases.
Notable Real Estate Transactions With Bitcoin
Buying real estate with Bitcoin eliminates the need for traditional banking intermediaries, makes transactions faster and more private. Here are the most notable real estate purchases made with Bitcoin.
- A Miami penthouse was sold for $22.5 million in Bitcoin. This is one of the most expensive real estate purchases with crypto.
- A luxury villa in Bali was listed for Bitcoin. This project targeted those crypto investors who wanted to buy property in Asia.
2. Luxury Cars: Supercars and High-End Vehicles
Bitcoin holders can buy luxury cars of the following brands:
- Lamborghini: The cars of this brand are often associated with crypto wealth. A lot of BTC investors buy Lamborghinis.
- Ferrari: Some dealerships accept Bitcoin for high-end Ferrari models.
- Bugatti: Several car dealers offer Bugatti supercars for BTC.
- Tesla: Tesla briefly accepted Bitcoin for direct purchases. Later, these purchases were paused because of environmental concerns
AutoCoinCars and BitCars are the dealerships where you can buy a car with Bitcoin. Prestige car Dealers in the UK and Europe have also started accepting BTC for exotic cars.
3. Private Jets and Yachts
Several aviation and yacht companies now accept Bitcoin for high-end purchases. The following companies sell jets and yachts for BTC:
- Aviatrade: This is a private jet brokerage that allows buyers to purchase aircraft with Bitcoin.
- LunaJets: This company also offers private jet charters and sales with crypto payments.
- Denison Yachting: This is one of the first yacht companies that started to accept Bitcoin for luxury yachts.
Here are some examples of such purchases.
- A Gulfstream G650ER private jet was listed for sale at over $40 million in Bitcoin.
- Several luxury yachts, including models from Benetti and Azimut, have been sold for crypto.
Such purchases allow investors to buy luxury property such as jets and yachts more easily, and help to eliminate currency exchange fees and delays.
4. Jewelry and Luxury Watches
Some famous jewelry brands and watch retailers accept Bitcoin:
- BitDials: This is a luxury watch retailer that sells Rolex, Patek Philippe, and Audemars Piguet for BTC.
- Franck Muller: This brand launched a limited-edition Bitcoin-themed watch that can store BTC in a built-in wallet.
- Rolex and Patek Philippe Dealers: Some authorized dealers accept Bitcoin for rare and high-value watches.
A Patek Philippe Grandmaster Chime watch, valued at over $3 million, has been sold in crypto transactions, and some diamond-encrusted Rolexes and custom jewelry pieces have been bought with Bitcoin.
5. Fine Art and Collectibles
Many auction houses and galleries now accept Bitcoin for fine art and collectibles, for example:
- Sotheby’s: This prestigious auction house has sold artwork for Bitcoin.
- Christie’s: They hosted an NFT auction that accepted BTC as payment.
- Contemporary Art Galleries: Some digital and traditional art galleries accept crypto payments.
A Banksy artwork was sold for BTC at a Sotheby’s auction, and some crypto investors have purchased Picasso and Warhol pieces with Bitcoin.
6. Luxury Travel and Space Tourism
Bitcoin can be used to buy travel experiences, including:
- Private jet charters through companies like PrivateFly and BitLux.
- Luxury hotels that accept Bitcoin, including select Ritz-Carlton and Four Seasons properties.
- Vacation packages from crypto-friendly travel agencies.
Some companies even organize trips to space for Bitcoin. For example, Virgin Galactic allows customers to book space flights with Bitcoin. And SpaceX has hinted at accepting crypto for future space travel, however, this is not confirmed yet.
7. Digital Real Estate and NFTs
Digital real estate is virtual land and properties in metaverse platforms such as Decentraland and The Sandbox. Many Bitcoin holders buy land and real estate there. Among the most expensive purchases are a digital plot of land in Decentraland that was sold for over $2.4 mln in BTC, a CryptoPunk NFT that was sold for $11.7 mln in BTC, and an NFT artwork by Beeple that was auctioned at Chirstie’s for $69 mln, with some payments in crypto.
Conclusion
Bitcoin is no longer just a speculative asset. It has become a fully functional cryptocurrency that can be used to buy the most expensive and luxurious items in the world. From real estate and supercars to private jets, art, and NFTs, BTC has become a legitimate payment method for high-end transactions.