Sotheby to Start Accepting BTC & ETH via Coinbase
Sotheby, one of the oldest and leading auction houses has announced that they would be accepting Bitcoin and Ether in partnership with cryptocurrency exchange Coinbase. The firm first confirmed that the first piece of art sold against Bitcoin would be Banksy’s “Love is in the Air” at its coming auction. Sotheby’s CEO Charles Stewart stated that the decision was made based on the growing demand for digital assets. While the 2017 Bull Run put cryptocurrencies on the world map and despite the raging criticism around its volatility 2021 has proven to eradicate most of that criticism including Bitcoin not being used in the real world or crypto not being suitable enough to act as a form of payment. This bull season Fortune 500 companies and many others have realized that digital assets are here to stay and thus even Dogecoin which was once seen as mere meme currency is being used as a form of payment.
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