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Jared Hamilton
From: Jared Hamilton
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Ryan Gerardi

Ryan Gerardi Futurist

Exclusive Blog Posts

Using Images in Your Walkaround

Using Images in Your Walkaround

    Here's a quick tip you can use in your walkaround that can increase your sales performance TODAY.  Your sales process does…

Want Happy Service Advisors? Give Them the Pay Plan They Want

Want Happy Service Advisors? Give Them the Pay Plan They Want

You learn a lot about yourself in the service drive. You quickly find out if you’re truly an extrovert or an introvert-in-disguise, you discover if y…

Recession Proofing Your Dealership

Recession Proofing Your Dealership

Right now, there’s all sorts of talk and murmurings about a coming recession. If you weren’t in business ten years ago, then you might not real…

What's the Deal With Split Deals?

What's the Deal With Split Deals?

We have all had one time or another where we had to split a deal. Splitting that deal, however, was often easier said than done. Once we had an agreem…

Top Reasons to Avoid the Island Mentality When it Comes to Meetings

Top Reasons to Avoid the Island Mentality When it Comes to Meetings

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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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