Does the 85 BTC purchase from DELL represent a trend shift in BTC purchases?

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Bitcoin Market Unaffected of the Dell Announcement

The arrival of bitcoin as an alternative currency protocol, in mainstream economics, was reiterated over the weekend. Dell has become one of the first mainstream technology companies to express commitment to digital currency.

The 85 BTC pay-out to Dell was for the purchase of a PowerEdge server, with the sum translating to approximately $50,000 USD.

Making headlines in Bitcoin news across the web on August 10 was the following tweet by the head of Dell Corporations:


Though the buyer remains anonymous, the bitcoin purchase of hardware from the $57 billion market cap company holds significance because of the ‘size’ of the purchase.

Notably, purchases made until now using Bitcoins were of a lower price-threshold and typically used to purchase such items and products as sheets, equipment, cell phones accessories.

When Dell made the announcement that it was welcoming payments via BTC, many were surprised by the move because its products are considered mainstream products and ‘serious hardware.’

However, it appears that the shift in paradigm in online purchases for virtual currencies has only just begun, with Bitcoin owners now being allowed to pay for tangibles such as hardware with their favourite currency.

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To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com

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Deepak Tiwari, a law graduate, has been working as a journalist for six years now. He currently writes on Bitcoin, economic, and Forex related news at ForexMinute, the brand new financial news portal which is making waves among Forex traders around the globe for the innumerable Forex resources it offers for readers, traders and brokers. His other specialties include writing on law & governance, finance, internet marketing, careers, politics, international relations & diplomacy, etc.