Last Updated on January 8, 2024 by cryptocreed
As the original cryptocurrency that kick-started the modern-day version of a gold rush, Bitcoin remains the best-known and most valuable one around. Over time, its success spawned the creation of thousands of other cryptocurrencies and entire sub-economies were built around software to help facilitate its trade.
Fast-forward to today and Bitcoin has now earned a place for itself among the investment portfolios of virtually every major hedge fund in the world. With its value entrenched, there’s been a growing list of goods and services it can be used for. With this in mind, here are five exciting things you can do with your Bitcoin in 2024.
You may have heard of regular slot machines, or even be a fan of online gambling and a part of the massive growth it’s seen. However, as fun as regular slot games can be, jackpot slots up the ante by constantly increasing potential jackpot prizes to millions of dollars until they’re won. The popularity of this concept among online platforms has led to a plethora of jackpot slots for Bitcoin users to choose from.
This means you can use any Bitcoin you may have saved up to try for massive jackpot prizes, and treat yourself to a thrill ride of entertainment along the way. Even if slots aren’t necessarily your thing, the exponential growth experienced by the iGaming industry has seen it grow to encompass tons of choices now available to gamblers. Whether you’re into slot machines, card games like blackjack and poker, or table games like roulette, online casinos have you covered?
With all that growth and demand, traditional casino gambling has been turned on its head with hundreds of millions of people now opting to gamble for real money from the comfort of their own homes. If you enjoy gambling but perhaps don’t want to use fiat money, the massive surge in iGaming has led many popular online casinos to accept Bitcoin as a payment method. If you have some to spare, it can be used to top up accounts, gamble, and withdraw winnings or balances across many popular online casinos and gambling apps.
Purchase Real Estate
Yes, you read that right. The more the crypto economy takes hold in marketplaces around the world, the more diversified its acceptance becomes. Crypto wallet services easily enable financial transactions in Bitcoin and even automatically allow for conversion of it into fiat money for the other party.
As a result of this kind of seamless crypto transacting, virtually anything can now be purchased using Bitcoin, including real estate. While it’s wise to research or consult a legal professional to confirm that there are no regulations in your region that forbid such a thing, the idea is catching on. So, even if not locally, if you have enough Bitcoin, you can still look to get into real estate abroad in places that do allow it.
Buy a Vehicle
As more and more industries catch on to the fact that Bitcoin is becoming just as mainstream as fiat money, even the automobile industry is now widely beginning to accept it too. Many dealerships, across the range from those that sell economical hatchbacks to luxury SUVs and supercars, now accept Bitcoin as a payment method.
For a short while, even Tesla accepted it and this made sense since Elon Musk is widely known to be a fan of crypto. While he later reneged on this commitment citing environmental reasons, this shows us that as environmental issues find solutions, it’s likely that the electric car market and the cryptocurrency economy will go hand-in-hand in the future.
Possibly Investing Further
Among many of the amazing stories that stemmed from the Bitcoin bubble, there were tales around the world of people who basically went from rags to riches with it. These kinds of stories, and the fact that it is now widely backed by institutional investors around the world, have led Bitcoin to continue growing year-on-year.
Yes, of course, there have been low points and losses, too. However, compared to ordinary investment trading, Bitcoin returns have often been much higher, though cryptocurrency has been less stable as a whole. 2024 appears to be gearing up for another bullish year for Bitcoin in particular, since it will be undergoing another halving process in April 2024.
Crypto investors are buzzing that 2024 is looking like a good year to consolidate or expand their Bitcoin investments. Right now, it’s entirely possible that 2024 may be an exciting year to expand investment in Bitcoin. However, there are of course no guarantees with crypto investments, so it would be best to research and look at as many factors as possible, or consult with a professional before any major investment decisions are made.
Other Things That Can Be Bought With Bitcoin
The sheer range of products that can be purchased with Bitcoin now encompasses everything from items available across major online stores (which is anything), to expensive asset-class items like vehicles. Of course, purchasing things like vehicles is not accessible to ordinary Bitcoin owners since you’d need a high-value amount of it to buy a car.
For those who may have crypto but not enough to be in the league of institutional investors, there’s still a huge burgeoning market of things you can buy with it out there. Aside from low-value or smaller items, this list now also includes things like smartphones, laptops, and tablets, to luxury items like designer bags and watches.
As the popularity and value of Bitcoin continue to grow and expand, more and more retailers and service providers are moving toward the crypto economy by allowing their goods and services to be purchased using crypto.
This makes for a virtually endless range of exciting things you can do with cryptocurrency in 2024. If you’re one of the many people around the world who has invested in Bitcoin, regardless of the scale, there’s of course one other thing to do with it that will probably get you most excited.