TL;DR
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The crypto space has its peaks and troughs, but over time it has a tendency to attract and generate a lot of wealthy individuals.
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If you want to accrue crypto wealth, you can start by accepting crypto payments (like these prominent Ibiza nightclubs) and giving the crypto-rich a place to shop/spend.
Full Story
You know how when someone wants to give off a ‘fiscally-responsible-Warren Buffet-esque’ vibe, they’ll often say something like:
“I only invest in ‘shovel-selling’ businesses.”
(It’s a nod to the idea that most of the money made in America’s gold rush, went to those selling shovels, picks, food and lodging to hopeful miners).
Yeah, well a bunch of prominent nightclubs in Ibiza are now accepting crypto, and it’s making us realize, there’s a similar ‘shovel’ opportunity in the crypto space.
But it’s WAY more simple:
Accept cryptocurrency as a payment.
(That’s it. That’s all you need to do).
Here’s the idea:
Sure, the crypto space has its peaks and troughs, but over time it has a tendency to attract and generate a lot of wealthy individuals.
Only problem for these cashed-up individuals is, there are very few places they can spend their coins/tokens directly.
Want to tap some of the newly generated crypto wealth?
Give these degenerates a place to spend it all!
It’s the same reason Gucci started accepting ApeCoin, after $3.5B worth of APE tokens were gifted to a small collective of NFT holders, late last year.
Smart!
