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Jared Hamilton
From: Jared Hamilton
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Ryan Gerardi

Ryan Gerardi Futurist

Exclusive Blog Posts

Aligning the Digital Retail and Showroom Experience

Aligning the Digital Retail and Showroom Experience

Has your dealership changed its sales processes in the last year due to COVID-19? The pandemic has accelerated many changes out of necessity, but now the q…

Seamless Success: Sales and Marketing Integration

Seamless Success: Sales and Marketing Integration

I answered my phone and greeted the BDC Manager we’ve been training at one of our client’s stores. BDC Manager: We have started getting a bu…

Eight Cylinders of the BDC: Customer Experience

Eight Cylinders of the BDC: Customer Experience

In the ever-changing automotive industry customer service is your only constant value proposition. All customer interactions matter. Cu…

Take Your Dealership's Social Media to the Next Level

Take Your Dealership's Social Media to the Next Level

Is your dealership having trouble growing its social media presence? You're not alone. Car dealers aren't exactly known for having a large followin…

WEBINAR RECORDING - Connect: The #1 Phone Metric Dealers Need to Prioritize

WEBINAR RECORDING - Connect: The #1 Phone Metric Dealers Need to Prioritize

In today's webinar, we had a great discussion with Jake Wilker, Sales Director and Judson Jones, Account Executive from Car Wars. They share…

When Will Your Dealership Be Accepting Bitcoins?

In October of 2017, entrepreneur and early Bitcoin investor Peter Saddington bought a Lamborghini with Bitcoin, paying the equivalent of $115 thanks to Bitcoin’s high exchange rate. The story captured the public’s imagination and has also piqued the interest of car dealers.

There are now a number of dealers happy to accept Bitcoin for a new car purchase, which you can locate on spendbitcoins.com. These dealerships can work with people locally and some offer nationwide service. Interested customers can search these dealers through the search offered on Spend Bitcoins.

There’s still some debate as to whether or not Bitcoin holders should spend their money, even if it means getting an amazing deal. It’s hard to say what the future will bring of Bitcoin, but some experts have predicted Bitcoin value to go even higher in the next 12 months. 

More importantly, how long before your dealerships expects to be accepting Bitcoins? Maybe it is already?

Vidushi Jain

At this point, Bitcoin is not a currency but a highly risky asset subjected to market conditions. Dealerships need to review it like any other asset/ equity investment.

In my view, we are currently in hype cycle for bitcoin and like dotcom, there will be a big correction before it becomes mainstream.  

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