In the crypto community, it’s not cool to cash out early. You’re supposed to HODL, meaning hold on to your coin, whether it skyrockets or plummets, whether you’re one of the fortunate crypto millionaires or a newbie. The only exception is if you want to buy a luxury car, especially a Lamborghini. These 8 Lamborghinis bought with cryptocurrency will have you asking, ‘When Lambo’ for me?
Crypto Millionaires Love Lamborghinis
Buying a Lamborghini is the best way to let everyone know that you’re amongst the world’s crypto millionaires.
In fact, so many crypto millionaires are buying Lamborghinis that there’s a correlation between Bitcoin price and Lamborghini sales. In the same year that Bitcoin peaked close at almost $20,000, Lamborghini sales jumped 10%.
According to The Drive, this increase is due to the car’s increased presence on social media. And you know who loves showing off a Lamborghini on social media? Crypto millionaires.
One of the most popular memes in crypto history is ‘When Lambo?’ In other words, When will my crypto be worth enough to buy a Lamborghini? But ‘When Lambo’ isn’t always a joke. As you can see from Lamborghini’s Twitter, they sold at least two Lamborghinis bought with crypto in December 2017 at the Newport Beach dealership alone!
The First Lamborghini Bought With Bitcoin
Peter Saddington made cryptocurrency history when he became the first person to buy a Lamborghini with Bitcoin.
In the fall of 2017, Saddington visited a car dealership outside of Atlanta, Georgia. He then cashed out 45 Bitcoin and bought a $200,000 Lamborghini Huracán Performante.
Since Saddington invested in Bitcoin in 2011, this came out to a little over $100 in terms of his initial investment. Though Bitcoin’s price jumped even further, Saddington’s purchase started the worldwide trend of buying Lamborghinis with crypto. It also inspired the original ‘When Lambo’ meme!
A Crypto Lambo Aficionado
You might know Michael Hudson as the founder and CEO of Bitstocks, London’s first cryptocurrency advisory firm. Essentially, his company develops cryptocurrency portfolios, as would a regular financial firm. The difference is that they invest in cryptocurrency.
Not only does Hudson own a purple Lamborghini Huracán Performante, but he just started a YouTube channel called CARSnCRYPTO dedicated, obviously, to his two passions and anyone else caught up in ‘When Lambo’ fever.
Two Lamborghinis Bought With Crypto..?
In case you hadn’t noticed, the Lamborghini Huracán Performante is a favorite in the crypto community. Here, Nenad “Neno” Korof shows off his brand new 2018 Lamborghini.
Aside from flaunting his purchases on Instagram, you might know Neno as the founder of Advance Crypto Academy. This course teaches you how to invest and trade just like Neno. It’s one of the most popular of its kind.
Because One Lambo Is Never Enough
Remember we said Lambos, plural? Neno has two Lamborghinis bought with crypto. This one is his ‘old car’, and it happens to be a gold Lamborghini Gallardo.
For Neno, the answer to “When Lambo” is always, “Right now!”
The Wolf of Crypto Street Drives a Lambo
Eddy Zillan has christened himself the Wolf of Crypto Street, though we’re not sure that the actual Wolf of Wall Street would agree.
This 18-year-old crypto millionnaire started investing in crypto when he was just 15. After a modest $100 investment, he decided to put all his savings into his cryptocurrency portfolio. Now, Zillan is worth over a million dollars and has become a crypto investment consultant. He even has his own company, Cryptocurrency Financial.
Though he frequently posts about how hard he worked to be where he is, Zillan loves spending his crypto cash. Zillan has since said goodbye to his Lamborghini Aventador, but he still can’t resist a luxury car.
When Your Lambo Matches Your Suit
Julian Armando Vazquez describes himself as a private Bitcoin trader and crypto mentor. He claims to have made $4 million from cryptocurrency trades, $500,000 of which he spent on a Lamborghini Performante.
Today, Vazquez does what many of the crypto millionaires on our list do: He offers advice on how to invest, trade and get to that ‘When Lambo’ moment. Judging by his Instagram, his three passions are checking his crypto portfolio, driving luxury cars and doing both simultaneously.
So, When Lambo?
Are you ready to roll up in Lamborghinis bought with crypto of your own? Lucky for you, you can calculate exactly ‘When Lambo’, meaning when your Bitcoin/Ethereum/Litecoin will equal one Lamborghini Aventador (Don’t get too excited: it’s completely fictional).
In the meantime, don’t spiral into crypto FOMO despair. If you invest wisely, you could become of the next crypto millionaires eyeing a new Lamborghini.