Skip to main content

Now Bitcoin millionaires are buying Lamborghinis

How do you know when you’ve truly made it? Just look in the driveway.

The purchase of a Lamborghini is becoming a meme in the Bitcoin community, with would-be millionaires asking “when Lambo” in regards to when their investment will be worth enough to buy one of the cars. There’s even a when-lambo website, which is dedicated to helping Bitcoin owners calculate their proximity to sweet Italian leather and the burn of rubber on roadways.

Recommended Videos

The site notes that its calculations, which are based on the value of Bitcoin over the past seven days, “are completely fictional” — a disclaimer likely due to the simple fact that Bitcoin is a very unstable investment, seeing major upswings in price followed by sharp downturns. But Bitcoin billionaires are buying nonetheless. A general manager at a Lamborghini dealership in California told CNBC that it had seen “over 10 transactions” involving cryptocurrencies in December of last year, when Bitcoin soared to more than $19,000 a coin (who knows what’s it’s really worth, of course).

For some Bitcoin millionaires, a Lamborghini is more than just a status symbol. It serves as proof that the coin does hold real-world value. In 2015, Piper Moretti, a realtor who specializes in helping people use Bitcoin to purchase homes, saw how the purchase of a Lamborghini even helped persuade a realtor to sell her clients a $3.2 million home in Manhattan Beach. The owner’s agent refused to accept a purchase in Bitcoin out of fears that her client would be scammed.

Moretti’s clients, who do not wish to be named, decided to purchase a Lamborghini and sent over the details of the transaction to Moretti, who was able to persuade the home owner that her clients were legitimate.

“The Lambo actually helped us get the house,” Moretti told Business Insider.

She said that the Lambo purchase helped prove that Bitcoin wasn’t just some made-up internet thing, but real money that could be used to make real purchases such as homes and cars.

Cryptocurrencies, particularly Bitcoin, saw rapid growth over the past year. This growth also saw the rise of scammers, which has damaged the currency’s reputation and led some businesses to refuse payment in Bitcoins. Of note are the Mt. Gox bankruptcy filing and Bitcoin gold — a project designed to create a new form of cryptocurrency that also tapped into the Bitcoin name.

Eric Brackett
Former Digital Trends Contributor
You can now buy the Alienware x14, starting at $1,650
Alienware x14 gaming laptop with an Alienware logo.

The Alienware x14 is Dell's entry into the popular 14-inch gaming laptop space, first announced in January of this year. It's meant to compete with outstanding entries such as the Asus ROG Zephyrus G14 and Razer Blade 14, and now, it's finally available for purchase.

This version of the venerable gaming laptop brand is focused on simplicity and thinness. The chassis is only 0.57 inches and weighs 3.96 pounds. That's only a few ounces heavier than the Razer Blade 14, and it's significantly thinner.

Read more
Forget waiting! Here’s all the CES 2022 tech you can buy right now
HP Omen 45L with the front panel removed.

CES is chock-full of new product announcements every year, but unfortunately, most of them are just that: Announcements. Tech companies come out, loudly proclaim that their latest gadget will transform your life, and then quietly mutter that it won't actually be available until some yet-t0-be-determined point in the next year. As such, most of what we see at CES in a given year ends up being annoyingly unattainable.

But thankfully, not everyone at CES shows up with a booth full of flashy promises. A rare few of them come to the show with products that are ready to ship right away, immediately after they're revealed. So as a tip of our hat to those thoughtful few who go the extra mile to provide us the instant gratification we crave, we've rounded up all the best CES gear that you can buy right now. Everything on this list will ship before the end of January, if not sooner. Enjoy!
TCL's gargantuan, 95-inch 4K QLED TV

Read more
You can now buy a prebuilt Razer gaming desktop, courtesy of Maingear
MAINGEAR R1 | RAZER EDITION

Razer just announced the release of the new Maingear R1 Razer Edition desktop computer. Designed for gaming, the PC is going to be available in four prebuilt configurations, as well as a customizable model that lets the user choose their own specs. Fully decked out with the latest components, these PCs contain many sought-after pieces of hardware such as the latest Nvidia RTX 30-Series graphics cards.

This line of computers is a collaboration between Razer and Maingear, a popular PC-building brand. Built to serve the needs of gamers, it has a set of specs that can easily handle most of the current games on ultra settings.

Read more