
One story that continuously dominated business headlines and investors' thoughts during 2017 was the rise of bitcoin and other forms of cryptocurrencies. During the 2017 calendar year, bitcoin rose in price from just under $900 to almost $16,300 -- incredible! Amidst the fantastic price rises that bitcoin and other cryptocurrencies experienced last year, it is easy to forget that, in theory at least, these are currencies ultimately designed to be used for the buying and selling of goods. While billionaire investor Peter Thiel has espoused the theory that bitcoin can be used as essentially a digital store of value, most bitcoin proponents believe it still represents a better form of money.
Yet, what can bitcoin actually buy? Well, you might be surprised. The currency has come a long way since 2010 when 10,000 bitcoins were used to buy two pizzas in the first recorded transaction using the virtual currency. Here are some of the more surprising things bitcoin can be used to purchase.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.