Menu IconA vertical stack of three evenly spaced horizontal lines. Dalio isn’t the only one asking how to pay bitcoin questions about bitcoin.
If bitcoin really is a currency, then it is important that you can buy things with it. But this may not be a fair argument. We all seem to accept gold as a storehold of wealth and as an alternative currency even though you really can’t make purchases with gold. So in an effort to fairly compare gold and bitcoin in this vein, we went out into the world to see how easy it was to spend both in everyday transactions.
It turns out it isn’t easy to spend either. The only person we could find who accepted gold in New York City was Donald Trump in 2011. Bitcoin is slightly easier to spend. We couldn’t use our bitcoin at Subway, which is on a few lists of retailers that accept bitcoin.
But maybe we are simply using the wrong words when we talk about bitcoin. As Adam Ludwin, the founder and CEO of Chain, says in his open letter to Jamie Dimon, “since this isn’t about cryptocurrencies vs. He goes on to say that he prefers to think of them as “crypto assets. Each local Subway restaurant is independently owned and operated and it is the individual franchisee’s decision to accept this form of payment. We are not aware of any restaurants currently accepting this payment. Get the latest Bitcoin price here.