While the price of Bitcoin has dropped from a whopping $20k to around $3.4k in less than 13 months, it is worth reporting that over the course of 2018 a crypto-concierge service called ‘The White Company’ has been able to draw in more than $250 million through sales alone.

However, with all of the stringent crypto regulations (KYC/AML) that are currently in place within the US, many people believe that cashing out one’s altcoin holdings is the right thing to do when dealing with such a complex asset class.

On the subject, Elizabeth White, the founder of The White Company, went on record to explain the way out of this predicament:

“Most millenials want to spend and enjoy their wealth… [but] are not able to easily exchange their crypto holdings into cash— due to restrictions and limitations on exchanges etc. Thus it is best to hold on to one’s digital assets for the time being and cash out only when the global regulatory ecosystem has become more defined.”

For those of our readers who may not know, The White Company is a “fine art and luxury goods dealer that facilitates large monetary purchases for its clients through the use of cryptocurrencies”. To be more specific, we can see that the firm currently accepts Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Stellar, as well as its very own native crypto offering— the

“White Standard stablecoin”.

Also on the subject, Elizabeth went on to state that contrary to what most people believe, there is no shortage of “crypto-wealth in the world”. For example, she revealed that there currently exist many moneyed individuals who are looking to buy ‘luxury’ items using crypto.

While Elizabeth White and her company seem to be doing rather well at the moment, it is worth mentioning that a whole host of other crypto-luxury businesses (such as BitPremier) have had to bow out of the market recently— due the demand for such services reducing drastically over the past 6-10 months.

However, there are still ventures such as Crypto Coincity that continue to specialize in the purchase and delivery of luxury goods/ services using digital currencies of the user’s choice.

In rounding out this article, it is worth mentioning that recently Coinsparrow.io has become quite popular within the global crypto community. The platform is designed to work as a concierge service that allows users to do things such as:

Last but not least, there is Aditus.net, a site meant exclusively for the “crypto-affluent” where customer shave the option to buy anything from art, real estate, insurance to foreign citizenships.

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