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With Bitcoin's rise, are Builders willing to sign contracts

Discussion in 'General Yachting Discussion' started by Drifter, Jun 2, 2025.

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  1. Drifter, Jun 2, 2025
    #1
    Drifter

    Drifter Member

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    With Bitcoin's rise, are any Builders willing to sign custom build contracts using a defined amount of Bitcoin as whole or partial payment at the date of contract? The appeal is that the Bitcoin value may be much higher by the date of delivery, resulting in much higher potential profits for the builder. As I am unfamiliar with the accounting benefits, do Builders have any advantage by holding Bitcoin on their balance sheets? This is not financial advice. For entertainment purposes only.
  2. Capt J, Jun 2, 2025
    #2
    Capt J

    Capt J Senior Member

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    Depends on whether the boat builder is a gambler or not, instead of a businessman.
  3. Drifter, Jun 3, 2025
    #3
    Drifter

    Drifter Member

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    But all business involves risk. I certainly wouldn't expect many to accept payment in full.
  4. MountainGuy, Jun 4, 2025
    #4
    MountainGuy

    MountainGuy Member

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    Any builder could take all the money he receives from clients and buy BCs for it. But I assume as BCs are not official currency (in US and Europe at least), it's equivalent to be payed in NVIDIA stocks, gold, real estate or other boats.
    Drifter likes this.
  5. Drifter, Jun 7, 2025
    #5
    Drifter

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    Does that qualify as barter?
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  6. DOCKMASTER, Jun 9, 2025
    #6
    DOCKMASTER

    DOCKMASTER Senior Member

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    Maybe a privately owned, smaller builder would take BC if the owner likes to gamble/ No corporate entity is going to and certainly nobody with any ties to being public owned directly or up stream.
  7. Drifter, Jun 10, 2025
    #7
    Drifter

    Drifter Member

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    Why are Blackrock and Fidelity holding a few hundred thousand BTC each? Curious minds want to know.
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  8. Capt J, Jun 17, 2025
    #8
    Capt J

    Capt J Senior Member

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    What do they have to do with a boat builder taking bitcoins?
    unsinker, MM3 and YachtForums like this.