According to Merrick Theobald, Vice President of Marketing at BitPay, consumers have gravitated to using crypto to pay for luxury goods thanks to its popularity and the emergence of easy-to-use platforms. 

According to data compiled by BitPay, almost 20% of items purchased last year with crypto were luxury goods. This includes gold, jewelry, watches, exotic cars, boats, real estate, yachts, and handbags. While cars and yachts accounted for 20% of the total figure, jewelry and apparel accounted for 15%, and 12% for watches.