Financial experts seem to agree: Bitcoin is volatile. CNBC’s Jim Cramer and self-made millionaire Tony Robbins both compared investing in it to gambling in Vegas. Billionaire Mark Cuban said buying the currency would be like “throwing a Hail Mary.”
But if you decide to take that risk and put some money into it, where can you even spend bitcoin?
A lot of places, but not everywhere
Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia, as well as the online electronics retailer Newegg.
Considering that bitcoin is a digital currency, it’s more rare for actual stores to accept it as a payment method. But, as CoinDesk points out, some business are beginning to, such as REEDS Jewelers, which has over 60 retail locations in eastern U.S.
Speaking of Vegas, the Golden Gates Hotel & Casino there accepts bitcoin payments at their hotels and restaurants but not yet for bets on the casino floor.