Is Bitcoin the Grey Poupon of the 2020s?
Whatever it is (seriously, we’re still kind of trying to figure it out), there’s apparently a good chance someone driving a Rolls-Royce might have some.
Billionaire Tilman Fertitta last week said his dealership, Post Oak Motor Cars in Houston, has sold 17 Bentleys and Rolls-Royces in exchange for the digital currency. He told CNBC that his employees had suggested accepting Bitcoin back in 2018.
“We’ve always talked about being innovative and ahead of everybody else and don’t be a dinosaur around here or you won’t last,” said Fertitta, who’s also CEO of dining and hospitality company Landry’s Inc.
Fertitta was even ahead of Tesla, which told the Securities and Exchange Commission last week that it planned to start accepting Bitcoin “in the near future.” In addition, Tesla said it had converted $1.5 billion from its balance sheet into Bitcoin.
Tesla’s investment, and CEO Elon Musk’s endorsement of that and other digital currencies such as dogecoin, helped push the value of Bitcoin to an all-time high of nearly $50,000 last week.
Now that’s some fancy mustard.