Crypto News: BTC HODL or LAMBO?
Scanning the news today I came across a piece of news in Business Insider that I had to share with my readers. Apparently Bitcoin (and other cryptocurrency) millionaires are trading up for Lamborghinis pretty much just because they can!
Beyond that it is interesting to note that the early adoptors of bitcoin and ether were able to pick up a fine Italian supercar for as little as $135. It was possible that it was all they invested in crypto before its value spiked.
Let me tell you the story of Peter Saddington. He is a 35-year-old coder from Atlanta. He recently paid 45 bitcoins to pick up a sweet 2015 Lamborghini Huracan (price tag: $200,000) last fall. Apparently the bitcoins he swooped up cost less than $3 a piece when Saddington bought the digital currency back in 2011.
"Buying the Lambo with bitcoin is proof it can be used for real transactions, buying really cool stuff," Saddington told Yahoo Finance in 2017. "It's not only used by criminals."
You may have missed the biggest gains on bitcoin in terms of percentages but don't worry. Opportunities are limitless, you'll just have to be first to the lunch line next time!
What do you guys think about this story? Please leave your thoughts and feedback below and thanks for reading @techblogger!
Source:
Bitcoin millionaires are buying Lamborghinis as a status symbol of crypto wealth, and the carmaker says sales are rocketing - BI
Image Source:
BI
Most people hopped on this boat kinda late but at least they're on it. Hopefully by 2020 we can sell our shares for lambos or maybe by then It will be a perminate hold. But it will create a huge world of millionares and billionares.
I would have kept the bitcoin , because he is so young he could have got a lambo with 2 bitcoins in 10 years... and lived of the rest of the bitcoin for life..
These days are still with us: you can buy EOS for a few dollars, and many alt-coins for a few cents. The opportunities for 100x returns are greater now than they have ever been before.
This is why bitcoin is such a great opportunity. While skeptics say it's crap and scam, smart investors are out there buying lambo.
Good post, I hope to have your support, greetings from Venezuela!!!