Meet Peter Saddington, the guy, who bought a “Bitcoin Lamborghini”.
He proves that you can actually buy ridiculously expensive things like a Lamborghini by using the cryptocurrency Bitcoin. Saddington bought his very first Bitcoin investment at only $2.52, admitting that he was practically shooting in the dark when he made the investment, and had no idea whether it would give him more money or not.
As of this writing, one Bitcoin now costs more than $8000! “I really just got lucky. I saw an article in an internet magazine and me being a technologist always trying to look for the next thing I said ehh. It’s only $2 so I bought a lot of it,” said Saddington. Saddington won’t reveal how many Bitcoins he owns, but adds he’s doing just fine.
“The car was on consignment from an individual and the individual took bitcoin directly,” Saddington says, while he paid the dealership in cash for, “the fees and all the taxes and all the remaining administrative costs.”Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.
“I’ve been in this business long enough that nothing really surprises you,” said Brandon Saszi, general manager of MotorCars of Georgia. “The only thing you’re thinking is, ‘Gosh I wish I was in on it.'”