The article touches on the main advantages of using cryptocurrencies to buy expensive art objects. Why does the crypto industry help both the seller and the buyer? Why is it profitable to buy art with cryptocurrency?
The story of one of the most famous investors in the crypto industry
Over the years, MicroStrategy (according to Binance data) has bought 214246 BTC totalling USD 7.54 billion and continues to buy despite any changes in bitcoin quotes. This data is as of 31 March 2024, with an average token purchase price of USD35,180. Today, the market price of the coin is USD65,000, and it was even higher.
It's no secret that every 4 years there is a so-called bitcoin halving - this is a pre-planned event in which the reward for mining and verifying new blocks will be reduced by 50%, with miners receiving only half the amount of BTC mined.
Such events lead to the fact that it becomes more and more difficult and expensive to mine cryptocurrency, which, in turn, inevitably in the long run leads only to its appreciation in price. Continuous growth cannot be stopped in the long term by any market manipulation, it can only be temporarily slowed down when large investors buy or sell huge stocks of crypto from their investment portfolios, forcing the market to play by their rules.
What does this mean in investors' long-term planning?
The crypto market is increasingly starting to be regulated by governments. All of these attempts boil down to one thing: controlling revenue and paying taxes. But this is where the main tricky issue comes in, which is probably what MicroStrategy is capitalising on. It believes that we are still early on Bitcoin.
In addition, tax deductions on cryptocurrency income arise when earnings are withdrawn into fiat money. Until then, cryptocurrency is not recognised as money, as bitcoin doesn't change its status.
ART GALLERY provides a degree of transaction anonymity for customers paying with cryptocurrency to purchase artworks.
Alexander's Collection Art gallery with its very special vision on art
This incredible work of art is a true quintessence of not only the artistic expression of the image, but also the art of craftsmanship, when one work combines hand embroidery in silk, with silver threads, and woodwork inlaid with mother-of-pearl.
"Lovers" is the name of this work of Alexander's Collection art gallery, opening a series of erotic art pieces made with unrivalled artistic and aesthetic skills. Works of this quality claim the highest awards and evaluations of art critics. This category of masterpieces could rightfully take a place in museums of contemporary art.
Another masterpiece from Alexander's Collection: a huge canvas, 225 x 280 cm, taking more than 2 years to be made.
Several masters worked on it, transforming the artist's idea into a world decorative masterpiece. There is a philosophical pattern made in an absolutely incredible technique of hand embroidery of silver threads on the fabric to achieve a three-dimensional effect.
The philosophy of the artwork, and that is how such an artwork should be interpreted, illustrates the masculine and feminine, closely intertwined, like the Asian symbol of yin and yang. The love gives a feeling of flight, people grow wings, the impossible becomes possible, creativity awakens, the state of love reveals the beauty of the surrounding world and the God's beginning in human nature. It is not without reason that the epigraph of the artist became the motto for this work:
"The splashes of God's will
Become the sparks of your desire.
Wish for magic wings,
And flight will turn into immortality."