Published On: Mon, Apr 2nd, 2018

Bitcoin millionaires buying Lamborghinis while carmaker says sales is sky rocketing

According to fox news Silicon Valley may have a lot of big names but these individuals do not flaunt their wealth to public. These monarchs of Silicon Valley focus on their work instead of spending cash extravagantly on parties and other luxuries.

foxnew-Bitcoin millionaires buying Lamborghinis while carmaker says sales is sky rocketing

Cryptocurrency millionaires are an exception from this class of people.

Individuals who have made amazing net worth from both Bitcoin and Ether cryptocurrencies are flaunting off their easily earned wealth by buying Lamborghinis as a status symbol. They are openly flaunting their wealth in public.

This Italian car has become an internet meme whenever a new Cryptocurrency emerges on market. People often ask on social media the question “When’s the Lambo” after release of new cryptocurrencies. They are referring to question when they will be able to afford the car which stars off with base price of 200000 dollars.

In 2015, a 35 year old Atlanta based colder named Peter Saddington walked off with a 2015’s model Lamborghini at the height of Crypto Currency madness. Saddington bought these coins at less than 3 dollars back in 2011.

Saddington told in an interview to Yahoo Finance in 2017, buying a Lambo with Bitcoin is a proof that things can be bought by Bitcoin transaction.

foxnews.com -Bitcoin millionaires buying Lamborghinis while carmaker says sales is sky rocketing

Yahoo Finance and CNBC released a statement that car was used when bought and Peter directly paid the owner with Bitcoin and paid dealership with a fee of 7 dollars including sales axes win cash.

According to Lamborghini officials, they have sold about 3815 vehicles in 2017 and this is the seventh consecutive year for sky rocket sales.

A General Manger of Lamborghini in Costa Mesa told CNBC interviewers that they have made over 10 transactions in Cryptocurrency last December.

Crypto millionaires are all not responsible for the increase of Lambo sales. There is relatively a small number of people invested in cryptocurrencies and even fewer bought Bitcoin and ether before their prices seen a hike in 2017.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Special Recent Posts

A wrong message sent to a 28 years old girl changed her life; she lost half her weight

A wrong message sent to a 28 years old girl changed her life; she lost half her weight

Everyone has their own cause for motivation in weight loss. Some find it in the support of their[...]
23 years old found love in Uganda after she adopted 13 daughters

23 years old found love in Uganda after she adopted 13 daughters

23 yeas old Katie Davis from Tennessee left her life of ease to follow God’s calling and now she[...]
Fan breached the security to hug and kiss Rohit Sharma; this is how Rohit’s wife and friend are reacting

Fan breached the security to hug and kiss Rohit Sharma; this is how Rohit’s wife and friend are reacting

Rohit Sharma the star batsman of the Indian Cricket team is once again in headlines. However, th[...]
Latest workout picture of Sonakshi Sinha is going to motivate you to go to gym even on 'Sundays'

Latest workout picture of Sonakshi Sinha is going to motivate you to go to gym even on 'Sundays'

Latest workout picture of Sonakshi Sinha The actress of Dabbang, Sonakshi Sinha is currently giving[...]
Confession from Steve Job's daughter; my father forced me to see him having sex

Confession from Steve Job's daughter; my father forced me to see him having sex

It might seem a bit bizarre to read the biography of a technological genius that contains his or[...]
Sonali Bendre’s heart-wrenching confession from her life of battling with cancer

Sonali Bendre’s heart-wrenching confession from her life of battling with cancer

Sonali Bendre, who is struggling with her cancer battle, shared another emotional update of her life[...]
Aditi Rao Hydari on Tanushree-Nana Patekar allegations; people should not abuse their power

Aditi Rao Hydari on Tanushree-Nana Patekar allegations; people should not abuse their power

Tanushree Dutta has been revving support from some big names of the industry in her recently made al[...]
Soha Ali Khan #MeToo; its difficult to be a woman in India

Soha Ali Khan #MeToo; its difficult to be a woman in India

Another supporter has come forward in allegations of Tanushree Dutta and this time it’s Soha Ali Kah[...]
Indians comment that 'Afreen Afreen' is a strategy for killing them

Indians comment that 'Afreen Afreen' is a strategy for killing them

Momina Mustehsan is undoubtedly the new singing sensation in the Pakistani music industry. With her [...]
Alaina Marie Mathers Height , Age , Weight, Instagram, Net Worth In 2018

Alaina Marie Mathers Height , Age , Weight, Instagram, Net Worth In 2018

Alaina Marie Mathers Networth: N/A Alaina Marie Mathers Height: 5'4" Alaina Marie Mathers Weig[...]
Aima Baig clicked a photo with Imam Abbas while travelling to Los Angeles on airport

Aima Baig clicked a photo with Imam Abbas while travelling to Los Angeles on airport

Aima Baig is the new rising and sensational star in the field of music as well as in showbiz. The ne[...]
Natasha Ali Trolled on Social Media for Her Unusual Use of Makeup and Tattoo

Natasha Ali Trolled on Social Media for Her Unusual Use of Makeup and Tattoo

Natasha Ali Trolled on Social Media Natasha Ali has been able to thrive in the Pakistani entertainm[...]
Sania Mirza celebrating baby shower with her husband Shoaib Malik

Sania Mirza celebrating baby shower with her husband Shoaib Malik

It is not a hidden fact that Sania Mirza and Shoaib Malik are one of the best celebrity couples out [...]
Fans Can’t Seem to get over the Sensual Avatar of Big Boss 12’s Jasleen Matharu

Fans Can’t Seem to get over the Sensual Avatar of Big Boss 12’s Jasleen Matharu

Jasleen Matharu It has been nearly three weeks since the start of the Big Boss Season 12 and as the[...]
NoFilterNeha Season 3; Katrina Kaif made confessions about Salman Khan, Ranveer Singh and many more

NoFilterNeha Season 3; Katrina Kaif made confessions about Salman Khan, Ranveer Singh and many more

NoFilterNeha Season 3 Katrina Kaif recently made appearance on the Season 3 of Neha Dhupia’s fa[...]

Recent Comments

  • Suman Maitra: This article shows how far the social/ online media publicat…
  • Sultan Star: Shame on u.......…
  • Qiko: Only a retard could defend this baseless ranking…