TL; DR
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The crypto space has its peaks and valleys, but over time it tends to attract and generate many wealthy individuals.
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If you want to build crypto wealth, you can start accepting crypto payments (like these prominent nightclubs in Ibiza) and give 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 often say something like:
“I only invest in ‘shovel-selling’ companies.”
(It’s a nod to the idea that most of the money made during the American gold rush went to those who sold shovels, picks, food and shelter to hopeful miners).
Yes, a number of prominent nightclubs in Ibiza now accept crypto, and it makes us realize that a similar ‘scoop’ opportunity exists in the crypto space.
But it’s MUCH simpler:
Accept cryptocurrency as payment.
(That’s it. That’s all you have to do).
This is the idea:
Of course, the crypto world has its peaks and valleys, but over time it tends to attract and generate many wealthy individuals.
The only problem for these redeemed individuals is that there are very few places where they can spend their coins/tokens directly.
Want to leverage some of the newly generated crypto wealth?
Give these degenerates a place to spend it all!
It’s the same reason why Gucci started accepting it ApeCoinafter $3.5 billion in APE tokens gifted to a small collective of NFT holders late last year.
Smart!