so person A gives bitcoin to bitpay bitpay gives USD to breitling and then what does bitpay do with the bitcoin? hold it? sell it to someone else?
FDIC insurance is limited so you probably wouldn't want to hold $10M in your checking account How much would it cost you in fees to wire $10M from your many accounts to your checking account?
I think Bitpay publishes their operating numbers. I'm sure it's somewhere in there that they sell a portion to exchanges or hedge with BTC futures https://en.wikipedia.org/wiki/BitPay
I think you don't understand the real rational behind it. It's not because they like cryptos as our usual shills want to make us believe. It's because Russia and a few others can't otherwise access foreign currencies at current. Despite the volatility watchmakers rather keep the honey flowing despite larger volatility.
You want that watch where they can't even get the Roman number 4 right? Lol. Just kidding, just find it funny how watchmakers want to come across as traditional or antique by using IIII instead of IV, which is the widely accepted way to represent 4. It's all about marketing and image. Nothing else.
Depends on how you balance your net worth and what percentage is Bitcoin If you're not rich and have a steady job, you could have over 80% of your net worth in Bitcoin If you're filthy rich, even better, put 5-10% of your net worth and fuggedaboutit Look at Winklevoss twins, they bought 210K btc's starting at $!2/ea Rode it to over $200M, rode it down to $30M, rode it up to $4B, rode it down to $600M rode it up to $14B now back to $4B They never sold a single Bitcoin. I bet they slept well in the past 10 years
It's crazy how I used to be a watch fanatic in past years but now I look at luxury mechanical watches as being so outdated and overpriced. These days I just wear a fitbit to collect my activity data.