Founder of the digital asset management fund Morgan Creek Capital Management Jason A. Williams has put up his Lamborghini for sale for BTC.
Something ‘Never Done’ Before
As the price of BTC (BTC) 00 continues to slide around 80 percent below its all-time high value of January 2018, the founder of Morgan Creek Capital Management Jason A. Williams has decided to do put up his Lamborghini for sale and buy BTC with the money he gets.
This, of course, is contrary to the ‘when lambo’ meme that implies buying the exotic vehicle with exorbitant cryptocurrency profits.
“I’m going to do something that has never been done in crypto,” he wrote.
I’m going to sell my Lamborghini and buy BTC. Offers in BTC accepted.
I’m going to do something that has never been done in crypto.
I’m going to sell my Lamborghini and buy BTC. Offers in BTC accepted.
— Jason A. Williams 🦍 (@JWilliamsFstmed)
Not only does Williams accept BTC, but when asked if he’s able to ship the car to Chile, he replied:
“For the right amount of btc I will hand deliver.”
Are The Tides Turning?
Bitcoinist earlier in 2018 that Lamborghini has managed to mark seven straight years of positive sales growth. In 2017, the luxury car maker sold a total of 3,815 cars. More than few of those were bought with cryptocurrencies.
2018’s prolonged bear market, however, isn’t particularly favorable for high-cost purchases of the kind.
The past year saw BTC tumble from an all-time high of around $20,000 in January to its current price, marking a decrease of around 80 percent.
However, a lot of industry experts hold that the world’s leading cryptocurrency has either bottomed out or it’s close to the bottom.
If that’s true, and Williams goes through with the sale of his Lambo, it might turn out to be a very good deal.
Too many cars. Not enough BTC honestly.
— Jason A. Williams 🦍 (@JWilliamsFstmed)
Some of his Twitter followers have suggested the same thing.
“Smart Move. So you can buy multiple lambos later.” – answered @H3dgi.
Historically, BTC has had other major of the kind, but it has always managed to come back up, each time reaching a new high.
What do you think of Jason Williams selling his Lambo for BTC? Don’t hesitate to let us know in the comments below!
Images courtesy of Shutterstock
Published at Tue, 08 Jan 2019 00:00:33 +0000
