Cryptocurrency is currently being marketed as the next big thing, and rightfully so. If you were to pull up your Robinhood app and search for the price of Bitcoin right now, you'll probably see that it is hovering around the upper parts of the $50,000 range. That's not too bad considering that in July of 2010, the digital money was trading at around 8 cents a pop. Sadly, it appears that most of us missed our chance to buy into such a lucrative endeavor. Or did we?
Luckily, it appears that a new crypto-based opportunity has presented itself to the general public in the form of Dogecoin. For those of you who don't know (this is probably not the case since you clicked on the article), Dogecoin is a digital currency that is represented by a Shiba Inu. While it did originally start out as a prank, it now seems that there may be some serious money to be gained. People like that of Elon Musk sure seem to think so.
Evidently, it looks as though Redditors and the founder of Tesla are not the only ones who see dollar signs whenever they see the canine adorned coin. As it happens to be the case, a car company known as Post Oak Motor Cars has become quite intrigued with the whole ordeal. In fact, they are so convinced of Dogecoin being the real deal that they are willing to give you a high-end supercar in exchange for some of your Dogecoin!
Let's take a quick look at how you might be able to turn your Dogecoin into a brand new Bugatti!
This Dealership Is The Real Deal When It Comes To High End Luxury
Before you ask, Post Oak Motor Cars is not some random online dealer that claims you'll get a supercar in 30 days after you have wired money to some prince. It is indeed a genuine option when it comes to luxury car sales. The dealership itself is located in Houston, Texas, and is considered to be a very reputable and respected organization. To provide further authenticity, we'll add the fact that it is owned by the same person who possesses the Houston Rockets NBA team (for non-Rockets fans, this probably makes things worse).
If you were to drive onto the lot today, you would be greeted by a massive glass storefront that seems much more "Apple Store" than car dealership. At the front of this reflective boutique-style automotive shop, you'll likely find high-end sports and luxury cars. Brands like that of Rolls Royce, Bugatti, Karma, and Bentley are no stranger to this place. As you might have already guessed, you're not going to walk away with a car after spending only a couple hundred Dogecoin (sorry).
The Owner Has Always Been Interested In Cryptocurrency
The man who owns this dealership goes by the name of Tilman Fertitta. In addition to a professional basketball team and an exotic car dealership, Fertitta dabbles in a number of other lucrative ventures. This includes Landry's Inc. (a dining and hospitality network), Fertitta Entertainment, and some casinos. He'll also let you pay for many of these products and services with digital money.
Clearly, the man knows how to make a buck or two. Further, it appears that he is quite interested in getting as much cryptocurrency as possible. When you put the two concepts together, you may come to the conclusion that Dogecoin and its cousins might be the real deal.
Other Companies Are Beginning To Take Notice
Unfortunately, most of us don't even have enough Dogecoin to purchase a new Kia Soul...much less a new Rolls Royce Wraith. So what can you do with it? Well, thankfully, it does appear that us normal folk might be able to use some of the Dogecoin that has been burning a hole in our digital wallets.
That is because a growing number of companies are starting to accept the very "memeable" money. Enterprises such as AirBaltic, Canadian internet provider EasyDNS, and St. Louis' Strange Donuts are among some of the places you can spend your precious Dogecoin. Granted, while they are not all well-known, it is indeed a start.
Many other large companies have begun to at least consider the possibility of accepting the coin as fair trade. Most notably, Elon Musk has hinted at the acceptance of the currency in exchange for Tesla or Space X services. However, since the airing of that SNL skit with Musk as the host, Dogecoin's value did take quite a bit of a hit.
So is Dogecoin the next big thing? It seems as though people like Tilman Fertitta would like to think so. For all we know, the 1000 Dogecoins that you currently have in your Webull or Robinhood account could be worth millions of dollars come this time next year.
Then we could all head down to Post Oak Motor Cars and get ourselves a couple of Bugattis! Or, maybe (more than likely) it will only be worth as much as one would expect of a digital coin with a fluffy dog on it. Only time will tell!