Is Bitcoin The Future After Car Dealership Sell Pagani Huayra And Bugatti Chiron

By January 13, 2018News

An exotic car dealership in California has sold both a Pagani Huayra and Bugatti Chiron via Bitcoin.

Taking to Instagram, Pagani Newport Beach revealed that the two hypercars were sold for Bitcoin in transactions worth more than $6 million combined.This isn’t the first time we’ve heard about vehicles trading hands for Bitcoin. In fact, we have come across a number of listings for used cars, especially exotics, looking for new homes in exchange for Bitcoin.

As for the cars in question, the Chiron is an all-black example outfitted with black and grey leather throughout the interior. By comparison, the one-off Pagani Huayra sold is a lot more over-the-top, thanks predominantly to its carbon fiber exterior panels, silver paint, and bright red accents. Inside, it is covered in black and red leather. If we had to choose, we’d opt for the Italian.

Although Bitcoin, and other cryptocurrencies, are all the rage nowadays, we’re not so sure how smart it is selling vehicles for Bitcoin. Unlike traditional currencies, which are usually fairly stable in price, cryptocurrencies are notorious for unexpectedly and violently fluctuating in price. If the Bitcoin market crashes next week, the $6 million worth of Bitcoin used to purchase these two hypercars could be worth half that sum.

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Author Chris Peat

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