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How to splurge on luxury with crypto in 2022

With cryptocurrency on the rise, we take a look at some of the best ways you can spend your digital currency in 2022.

By LLM Reporters  |  January 17, 2022
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In 2022, crypto millionaires are no longer the rarity they once were, and with some interesting developments taking shape since the beginning of the pandemic, the value of leading digital currencies like Bitcoin, Ether and Binance Coin surged to record highs in just the final quarter of last year.

Despite prices tumbling again not long afterwards, recovery is already beginning to get underway, and those who were quick to take advantage of the opportunity to make a relatively cheap investment could be set to make some impressive gains before the new year is out. Experts are predicting that Bitcoin could exceed the $100,000 mark soon, and other ‘alt-coins’ are likely to surge in value alongside it.

Developments in the crypto world have excited investors of all ages, but not everyone is thrilled with its rise to prominence over the past few years. Their decentralised nature is something that makes them attractive to individuals, but some national governments across the globe have been unsettled by this. While the tiny South American nation of El Salvador has embraced Bitcoin with open arms, even going so far as to make it its national currency, others, like China, have moved in the opposite direction and banned Bitcoin entirely. 

bitcoin
Cryptocurrencies in general are set to continue being seen as one of the most lucrative investment opportunities this year and as they become more mainstream, their value is only predicted to increase

Nevertheless, the value of digital assets cannot be ignored, and the country is currently in the process of developing a cryptocurrency of its very own. The E-Yuan is already in development, and it will soon be possible to invest in it through exchange platform Yuan Pay Group. Piquing the interest of investors across the globe, it could certainly be one to watch in 2022.

Cryptocurrencies in general are set to continue being seen as one of the most lucrative investment opportunities this year and as they become more mainstream, their value is only predicted to increase. Now, with the likes of luxury travel companies, high-end car manufacturers and a plethora of shopping sites all making the move towards accepting crypto as a means of payment, their growing usability is already seeing them become even more highly sought-after.

If you’re one of the lucky few who have already amassed a sizable crypto fortune and frankly, have more than you know what to do with, then you might just be able to use it to upgrade your life this year with some of your favourite brands. Here are some of the top ways to splurge on luxury goods and services with crypto in 2022.

Space travel with Virgin Galactic

Virgin Galactic
Image credit: The Guitar Mann/Bigstock.com

If you’re looking to do something really extravagant with your Bitcoin fortune this year, then why not book yourself a space on one of Virgin Galactic’s first holidays in outer space? Virgin Galactic – the world’s first commercial space line – has already made history by sending five new astronauts into space aboard its Spaceship Unity, and high-net-worth individuals from across the globe are now queuing up to be first on one of its commercial flights.

Although it’s not yet known when these will begin to take off, securing your place on the waiting list now could eventually see you launching into one of the most memorable experiences of your life.

A luxury car

BMW car
Image credit: Everyonephoto/Bigstock.com

German multinational corporation BMW has been producing luxury vehicles since 1916, but never before has it been possible to drive a shiny new one off the forecourt after paying in a digital currency. But now, BMW dealers across the UK and the United States are rolling out the red carpet for Bitcoin holders, allowing them to exchange this leading crypto for any of their high-performance cars. So, if you fancy treating yourself to a new BMW XM in 2022, then look no further.

Designer goods

Designer brands
Image credit: Sorbis/Bigstock.com

In August of last year, it was announced that Philipp Plein would become the first major fashion brand to accept cryptocurrency as payment. And the Switzerland-based fashion house won’t just accept leading digital currency Bitcoin – in fact, it’s set to go all out and allow buyers to lay their hands on its high-quality garments and handbags in exchange for a whopping 15 different cryptos, including Ethereum’s Ether.

Thanks to a partnership between Philipp Plein and crypto payment platform Coinify, both bricks-and-mortar stores and the brand’s online store are set to begin accepting the currencies this year – so if you’re itching to overhaul your wardrobe for the spring/summer 2022, then this is the place to do it.