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.

Our top trading bots

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

Increased utility in DeFi, NFTs back Ethereum’s 3-year high in its ETH/BTC pair
This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical...
Institutional managers hold a record $72.3B of crypto — CoinShares
Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins,...
Bacon Protocol launches decentralized mortgage platform
Decentralized mortgage lender Bacon Protocol officially launched on Tuesday, allowing cryptocurrency investors to participate in the housing market through...
Ohio to host BIT Mining's new 85 MW Bitcoin mining facility
Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85-megawatt crypto mining center in Ohio.As the company that owns the...
VORTECS™ Spotlight: Fantom’s 500%+ rally was signalled by this key trading metric
Fantom’s FTM asset has been one of the top trending tokens of the week, and it barely noticed Bitcoin’s (BTC) midweek swoon that halted many altcoin rallies....
DEXs could see demand boost as regulators target centralized exchanges
Over the last 10 years, Bitcoin (BTC) has performed exceptionally well as a store of value and for speculative investment purposes. However, a lot of this...
Digital currency may be an answer to help the unbanked, Sen. Warren says
Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges...
Barclays tells cardholders it's stopping payments to Binance
Customers have been reporting that Barclays, a British multinational universal bank, has been blocking payments to Binance cryptocurrency exchange over...
House committee reviews cryptocurrency risks, regulations in hearing
The U.S. House committee on financial services held a hearing Wednesday for legislators and a panel of witnesses to discuss cryptocurrency regulation in...
Harvard Professor Called Cryptos «Lottery Tickets», Predicted BTC to Be $100
In the heat of the crypto-fall, when bitcoin costs 80% less than a year ago, Harvard University Professor Kenneth Rogoff said the «big daddy» is more likely...
Crypto-Trader: Bitcoin Will Lose Another 30% Before Seeing the Bottom
This week bitcoin has gone through the biggest turmoil this year, losing 16% of its value just in one day and over 70% of its value within this year. However,...
Another Japanese Crypto Exchange Hacked: Hot Wallets At Fault
It’s been a little more than half a year since a Japanese cyber-money bourse CoinCheck was hacked. Last week another Japan-headquartered crypto-exchange...
Miner WannaMine To Replace The Virus WannaCry
The EternalBlue exploit, once stolen from the US National Security Agency, continues to be used by attackers as a component of the malicious software....
South Korean Pension Fund Obliquely Piles Into Crypto Market
Since December 2017, the government of South Korea has been tackling the market of crypto money. Recently, it was announced that by the end of January...
The US Struck By Bitcoin Real Estate Fever: Risks And Benefits
Bitcoin is becoming a bandwagon in the US, especially when it comes to the properties market. Notably in Florida people are eager to purchase or sell real...