Since its creation in 2008, bitcoin has seen an incredible increase in its value. When it was first created, bitcoin was traded at next to nothing. Now, one single bitcoin is worth over $10,000, and anyone who purchased lots of it when it was first created are now crypto-millionaires.
One such crypto-millionaire is Peter Saddington, who bought $115 worth of bitcoin back when it was worth $2.52 per coin. In December 2017, these 45 bitcoins were worth around $750,000.
For five years, Saddington bought bitcoin every Friday, and it is currently not known how much cryptocurrency he owns.
But how did Saddington become one of the most renowned names in the world of cryptocurrency?
In October 2017, Peter Saddington set the cryptocurrency ecosystem on fire when he walked into a dealership and purchased a lamborghini with bitcoin.
The Bitcoin Lamborghini
In October, Saddington entered the Motorcars of Georgia dealership, a place that specialises in the selling of luxury cars.
Although unassuming, Peter Saddington soon caught the attention of the dealership when he cashed in 45 bitcoins to buy a $250,000 2015 Lamborghini Huracan. This luxury motor also had a white matte wrap and race exhaust features.
Thanks to Saddington’s early interest in cryptocurrency, buying those bitcoins only cost him $115, meaning that he, technically, bought a lamborghini at this price.
This crypto-currency millionaire’s purchase isn’t just a crazy bargain, but rather reflects a trend of the new crypto-wealthy spending their coins on this Italian supercar.
It has become so popular for these crypto-millionaires to spend their money on lamborghinis. Popular luxury car dealerships saw a huge spike in those purchasing lamborghinis with bitcoin when bitcoin hit a high of $19,000.
If you have been inspired by Peter Saddington’s story, you may be wondering how you can start trading in bitcoin. If you don’t know where to start, consider getting help from a website like https://bitcoinslifestyle.com.
While you might not be able to afford a lamborghini right away, you may be able to afford a less luxurious car.
How to buy a car with bitcoin?
There are a number of car dealers that now offer cars that can be purchased with bitcoin.
Many car dealerships do not offer direct bitcoin trading, however, they do offer services that can transfer bitcoin into dollars for you.
There are a few dealerships that now offer services where you can purchase a car directly with bitcoin. However, before you even consider purchasing a car with bitcoin, make sure you can afford to do so. If you are seriously considering purchasing a car with bitcoin, make sure that you do some serious research and only purchase a car from a trusted car dealer. One of the best ways to do this is by reading reviews that customers have written about the website.
The story of Peter Saddington and the Bitcoin lamborghini is an inspirational one. Although you may not be able to afford a lamborghini straight away, this article may have inspired you to begin trading in bitcoin.