Equally Bitcoin (BTC) momentum continues to grow, some people seem to prefer selling their belongings for cryptocurrency instead of fiat money.

Jason Williams, a co-founder of Morgan Creek Digital, a dedicated digital nugget investment business run by Morgan Creek Capital, sold his motorcar for Bitcoin.

Williams announced on Twitter that he sold his 2007 Chevrolet Suburban for 0.iv BTC, worth around $seven,300 at publishing time. According to car shopper website Edmunds.com, a used 2007 Suburban costs around $vii,000, while the new 2021 model costs over $50,000, according to Chevrolet's official website.

If the Bitcoin toll breaks $130,000, every bit some have predicted, in that location's a risk Williams will have sold his thirteen-year-old car for as much coin as a make new model.

Despite publicized instances of celebrities and businesspeople transacting in crypto, Bitcoin use for payments is notwithstanding relatively depression, and many have criticized the coin for being a poor ways for payment. Yet, in a contempo blog mail service Fidelity Digital Assets aimed to dispel this notion, suggesting that the Bitcoin network'due south decentralization and immutability were a worthy trade-off.

Furthermore, major payments-related firms are finally getting on-board with the seminal cryptocurrency. Earlier this month, major payments network PayPal finally rolled out its crypto trading and payment service to customers in the United States.