Wealth comes in many different forms and shapes. Cryptocurrency enthusiasts are converting their digital wealth into tangible assets. Thanks to various luxury goods platforms accepting cryptocurrency, making large purchases have become a lot easier. Eleena Dadiani is one of the pioneers facilitating this process.


The Bitcoin Spending Problem Remains

Using Bitcoin for goods and services is a peculiar venture. Regular items are difficult, if not impossible, to purchase with cryptocurrency. Luxury items, on the other hand, are a different matter altogether. For Bitcoin millionaires and billionaires, their wildest dreams are coming true.

This luxury goods-purchasing approach is facilitated by Eleesa Dadiani, among others. By launching a fine art gallery which accepts cryptocurrencies, she paved the way. Among the supported currencies are Bitcoin, Ethereum, Ripple, and Litecoin. This decision was the first step toward creating a vast cryptocurrency empire.

Over the past twelve months, Dadiani has set up a major crypto brokerage. Customers can buy real-world goods, including cars, gems, jets, and yachts. This collection is not tailored to the average consumer. Instead, she is purposely targeting Bitcoin millionaires and billionaires. All goods are sold through the Dadiana Syndicate.

Bitcoin millionaires are turning their crypto into luxury goods.

The Dadiani Empire Continues to Grow

Surprisingly, there is a genuine demand for these high-end products. It is a different way of spending Bitcoin and other cryptocurrencies. Dadiani acknowledges Bitcoin is money, rather than a tool for libertarians. Dreams of creating government-free nations are worthwhile, but not necessarily realistic. Cryptocurrency is designed to be spent first and foremost. As such, companies need to give their clients the option to do exactly that. Dadiani clarifies her position by saying:

I’m not anti anything. There’s a need for both systems. We haven’t had a universal currency since gold and silver. A decentralised economy allows for borderless trade, which hasn’t been possible before with such ease; people are used to decision-making in trickles, with the group up top choosing what everyone can and cannot do … cryptocurrency requires a cognitive shift. People need to understand why cryptocurrency should be adopted wider, integrated into our existing way of life, for gradual change.

Given the current cryptocurrency price dip, one would expect luxury products to be in less demand. That is not necessarily the case. Dadiani still sees a healthy demand from clients looking to spend big. Most of those buyers see cryptocurrency as a game, rather than their life savings. Developments like these provide a healthy boost to the cryptocurrency ecosystem as a whole.

Would you spend your Bitcoin to buy a private jet or priceless artwork? Let us know in the comments below.


Images courtesy of Shutterstock.

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