Buying a Lamborghini with Bitcoin Cost Him $112,000 in Profit
Early investors in Bitcoin are looking at big profits today. One investor even bought a Lamborghini, but as the Bitcoin values rise does he regret it?
A Lamborghini Huracan is a dream car for most people. If we won the lottery tomorrow, one of the first purchases would be a Huracan, then a GT2RS, and then a racetrack. The mid-engine Italian supercar is the stuff dreams are made of, but what if that dream becomes a nightmare? What if that once incredible machine became the source of losing hundreds of thousands of dollars? It would probably make you cry, like your team losing the Super Bowl. This is exactly what happened to one Huracan owner when he bought his car with an investment in Bitcoin.
We covered the story here. He took an investment of just $115 dollars in Bitcoin and bought his dream car. At the time he invested Bitcoin was very inexpensive and as time has gone by the value has grown. The original $115 bought him the Huracan, but that same amount of Bitcoin today is worth a lot more. How much more? Try $112,000 or about $4,000 a day. At the rate Bitcoin is rising it could end up costing him over $1,000,000. So, the real question is, would he have done it differently knowing the profit he is missing?
In this video, YouTube channel VinWiki checks in with the owner to find out. Of course the direction of Bitcoin could change and the values could go back down, but that is not likely. The currency is made by using computing power to solve more and more complex math problems. These problems continue to get more difficult, therefore requiring more time and effort. This of course increases the cost to create more and increases the value of the coins that exist. Check out the video to find out what the owner has to say about losing massive amounts of money on a Lamborghini Huracan. Let us know what you think in the comments below.