Yeah, I think this is also a good strategy and good move for ferrari, accepting Bitcoin as a payment method is good, a lot of store’s are now accepting Bitcoin as payment and they recognized Bitcoin now. I don’t see Ethereum as a payment but sure soon it will recognized as Bitcoin as well. Yes, Bitcoin payment method is easy to so convenient for those who have a lot of BTC.
The acceptance of cryptocurrency by luxury brands like Ferrari can have a significant impact on public perception and understanding of cryptocurrencies in several ways for example. Luxury brands accepting cryptocurrencies can attract a new segment of customers who are actively involved in the cryptocurrency space. This can lead to increased engagement and participation in the cryptocurrency market, as well as potential growth in the overall market size. As more luxury brands embrace cryptocurrencies, it can create a positive feedback loop, further driving adoption and acceptance.
Understanding of cryptocurrencies are influenced by various factors beyond luxury brand acceptance. Regulatory developments, media coverage, security concerns, and market volatility also play significant roles in shaping public opinion.