Only $1 Per Unit: Walmart Starts Selling Bitcoins

Only $1 Per Unit: Walmart Starts Selling Bitcoins

This year has not been the best for bitcoin. Since mid-December 2017 when BTC reached its historical peak of $20,000, the coin began to plummet gradually, when finally its price «established» between $6,500 and $7,500. Nevertheless, bitcoin bears keep expecting the coin to drop below its monthly low of $6,200. 

This week, crypto-critics’ dreams seemingly have come true as Walmart started marketing bitcoins for only $1. And no, it’s not the post selloff price that you thought about, and no, Walmart has not re-qualified into a crypto trading venue.

Kids Want Bitcoin Too

Yes, Walmart is selling bitcoins, and they are physical. However, they have nothing to do with real bitcoin apart from sharing the same name. The coins being sold are made of chocolate and might become a hot pie among children. 

Formally, the choco-bitcoins are called Frankford bitcoins, according to the TechCrunch report. Now, in the Walmart chain stores, one can purchase a one-dollar and 40-gram milk chocolate packaged in gold-coloured foil.

The novel chocolate coins do not differ from other pieces of chocolate coin-brethren apart from the fact that they have the same name as the first and most valuable cyber-coin in the entire world. 

The manufacturer of chocolate «assets» is a relatively old Philadelphia-based company, Frankford Candy. This business has been on the market since 1947, and it seems to be the first company which saw a marketing opportunity in the ascent of digital money.

In fact, chocolate bitcoins appear to be a much more affordable investment (into happiness, apparently), as one such coin is $6,300 lesser than the actual one. As of writing, the decentralized electronic bitcoin costs $6,334 as per data represented on Coinmarketcap.com. By the way, last year December the real bitcoin was 65% more valuable than it is at present.

Image Source: Walmart.com

What Everyone Should Know About Tokenization
Blockchain tokenization is a means of digital representation of a right and can be done with the help of a ledger. This can be a right to asset...
Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming...
Stablecoin - Everything You Need to Know
What Is A Stablecoin? You must have heard of cryptocurrency which has been the recent talk of the town. Well, stablecoins are a form of...
Gold Pulls Bitcoin Investors From BTC, Says Van Eck Associates CEO
In 2017-2018 bitcoin bit gold as bait for investors. However, the situation is expected to change in 2019 as investors already hope more for the gold...
Crypto-Supporter Milne Said Bitcoin’s Only Ledger to Last 100 Years
As bitcoin continues trading approximately Twitter thread entrepreneur Alistair Milne forecasted that the upcoming cyber money bull will decide which...
Increased Supply of Altcoins Will Depress Bitcoin, Says St. Louis Fed Report
As it is known, crypto-supporters (bitcoin bulls) widely believe that the increase in the capped supply of all cyber-coins will boost bitcoin’s value...
BTC Market Cap Will Surpass $7 Trillion Gold Cap, Say Winklevoss
Recently, Tyler and Cameron Winklevoss, world-known entrepreneurs and early supporters of cryptos, have taken part in Reddit’s traded at $4,061 and...
Crypto-Community Celebrates Bitcoin’s 10th Birthday
This year’s January 3 marks a decade since the first bitcoin block was generated by Satoshi Nakamoto. Back then, in 2009, this person (or group of...
Best Bitcoin Memes in 2018: ‘Hodling’ and Crying
2018 has not been an easy year for bitcoin, not at all. Whereas it left 2017 at the price of $10,000, it started the new year in a pretty bullish...
Bitcoin Hits $4,190 For The First Time Since Early December
For the first time in a fortnight, bitcoin has managed to creep above the $4,000-margin. As of writing, the king of all cryptos is traded at $4,031...