The volatility of Bitcoin is slightly concerning

If you are unfamiliar with the latest bitcoin news, in February 2021, a single share of the cryptocurrency broke the $50k barrier and continued upward until a quick drop at the end of the month sent it back to the $40k range. Over the years, Bitcoin has had its ups and downs, but in 2020 it reached 358% despite its high volatility and a global pandemic. For those who can afford to take the risk by investing in Bitcoin, cashing out when the stock is high is probably the best way to purchase your next car with extra funds that are actually the U.S Dollar. But you have to be willing to lose in the case this crypto stock falls lower than anticipated.

Buy a car with Bitcoin through these companies & dealers

Autocoin, Autocoincars.com, a UK-based online car sales platform is also accepting crypto-currency for payment. Car seekers can buy everything from BMW, Audi, Aston Martin, and Ferrari. The platform was created during the pandemic which helped people have new cars delivered to their front door. Car buying transactions made via cryptocurrency were processed instantaneously allowing for a quicker car drop off too It may not be too long before more American car dealerships start to make the switch. An auto loan company called BlockFi now allows drivers to take out a car loan using Bitcoin, Ether, and Litecoin currencies. With a handful of dealerships already accepting bitcoin as payment, they are adding large fees to bitcoin transactions. BlockFi leverages the crypto so buyers can avoid additional costs associated with borrowing from a dealership. The updated list of American dealers and organizations who are accepting Bitcoin are:

Should you invest in Bitcoin?

It's never too late to invest in anything, but with the high volatility and high price of Bitcoin, don't sell your house for the stock. There are smaller versions of Bitcoin that can be purchased as well as other crypto-currencies such as Litecoin that are dominating the crypto market but if you plan on investing, wait for stock prices to fall again, and always thoroughly research. Also, it's never a bad idea to consult your financial adviser before switching some of your funds to crypto. Socially, the world is working toward more crypto-based currencies, but the transition from the old federal means of money could be a rocky road and a shaky economy as we build and test renewable energy sources. Tesla is one of the major players at the forefront of electric vehicles as is Bitcoin when it comes to electronic currencies. As we enter the world of digital money, buying a new or used non-electric car with bitcoin may not be too far down the road from 2021. See the available on today's market as well as the top .