>Auctioneer Sotheby’s said “the buyer has opted to use cryptocurrency for the purchase.”
Someone is spending their crypto gains. Imagine buying a little pebble for three million quid, ffs
This is how you use crypto or art or jewellery to launder your money. Get money any way you like, buy crypto. Buy asset with crypto (can even pay way over a reasonable value to drive up the cudos of the item and it’s later resale value) sell asset for cash.
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>Auctioneer Sotheby’s said “the buyer has opted to use cryptocurrency for the purchase.”
Someone is spending their crypto gains. Imagine buying a little pebble for three million quid, ffs
This is how you use crypto or art or jewellery to launder your money. Get money any way you like, buy crypto. Buy asset with crypto (can even pay way over a reasonable value to drive up the cudos of the item and it’s later resale value) sell asset for cash.