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Besides the Meme Jokes Crypto-Enthusiasts Are Actually Buying Lamborghinis


The luxury Italian sports car, Lamborghini, otherwise referred to as the "Lambo" has become a 'holy grail' for some cryptocurrency enthusiasts. As ridiculous as $200K+ automobile may sound to some individuals after bitcoin's rise in 2017 that dream is now attainable for a lot of early adopters.

A Lamborghini is an Italian automobile that can cost anywhere between $200,000 to $2,200,000 depending on the model. Over the past few months when many cryptocurrency enthusiasts were celebrating bitcoin's meteoric rise, the topic of "Lambos" had become a hot conversation. Across social media forums and trading chat rooms many individuals often ask "when Lambo?" referring to the time when crypto-hodlers can all be able to purchase the luxury vehicle. At The North American Bitcoin Conference in Miami, there were quite a few Lambos on site for everyone to drool over. Some even speculate that the rise of digital currencies had inadvertently pushed Audi/VW (the parent company of Lamborghini) public shares because of the crypto-madness last year.

Despite 'Hodling' Crypto-Enthusiasts Are Buying Lamborghinis

Lamborghini memes and 'Lambo folklore' has been in the cryptocurrency space for quite some time.

One Bitcoiner Purchased a 2015 Lamborghini Huracan for $115

One dealership that sells luxury cars, Motorcars of Georgia, met a man last fall who purchased a 2015 Lamborghini Huracan with money he earned from a bitcoin investment. In fact, the $200,000 sportscar (45 BTC at the time) only cost Peter Saddington $115 dollars back in the early days. Saddington purchased his first bitcoins after he read about the currency's first 'crash' from $30 to $3 per coin. Saddington reveals that he purchased the coins in 2011 for roughly $2.52 and won't reveal to the media how many he owns. In addition to being an early adopter, Saddington also has his own YouTube channel and the video of him buying a Lambo from Motorcars went viral with over 1.5 million views.