Self-made American billionaire Tilman Fertitta is further embracing crypto by rolling out Bitcoin payment solutions in his casinos and restaurants, Texas Monthly reports. Earlier this month, he already allowed buying Rolls-Royce, Bentley and Bugatti with crypto.
Bitcoin dives into the world of luxury
Post Oak Motor Cars, which is owned Fertitta, stirred some buzz in the crypto crowd by starting to accept Bitcoin (BTC) and Bitcoin Cash (BCH) for purchasing luxury vehicles. Fertitta said that this move was meant to improve the buying experience of his top-dollar clients. So far, this initiative didn’t click with car buyers– only one person has bought a black Bentley Continental GT for about thirty Bitcoins.
Nevertheless, the famous businessman is still overly enthusiastic about cryptocurrencies, and he is willing to bring crypto payments solutions to other business niches, including his Golden Nugget casinos and Landry’s restaurants.
The importance of recognizing new trends
In a recent interview with Texas Monthly, he reveals that he tries to jump on every emerging trend, and those industries that fail to keep in touch with the constantly changing world will eventually perish. Regarding Bitcoin, Fertitta claims he wanted to seize the opportunity from the very beginning in order not to lag behind his competitors.
Again, when it comes to Post Oak Motor Cars, Fertitta’s purpose was to pioneer with Bitcoin payments in the luxury car niche since “nobody has done it before.” In addition, a lot of young people are among their clients.
Resonating with the crypto community
Fertitta claims that he got huge support from the cryptocurrency community since he would get tons of Google News alerts about his luxury car dealership accepting Bitcoin. He claims it’s a major indicator that there is plenty of interest in crypto and they are currently moving in the right direction.
The mogul also reveals that he himself has Bitcoin in his investment portfolio. Moreover, Michael Fertitta, the oldest son of Houston's most well-known billionaire, has been putting money into the flagship cryptocurrency for nearly 10 years.
When asked about Bitcoin’s volatility, Fertitta doesn’t seem to be deterred by the currency’s sharp price swings, stating that more people have to understand it. At the same time, he is certain that Bitcoin is here to stay. “I am not a gimmick kind of guy,” says the Houston billionaire.