The Italian supercar sales have boosted recently due to an increasing demand among wealthy investors and entrepreneurs from the crypto sector.
Lamborghini reported record sales in 2017. Several cars were bought with cryptocurrency. One notably famous Lamborghini buyer is Peter Saddington who purchased the luxury car with 45 bitcoins and said to Yahoo Finance that it is a proof that bitcoin “can be used for real transactions, buying really cool stuff”.
According to Business Insider, Lambo is considered to ne “the ultimate status symbol in their community” among bitcoin tycoons while in the Silicon Valley entrepreneurs do not usually flaunt their newfound wealth. Several people within the industry such as Vitalik Buterin oppose this desire to demonstrate one’s status by buying luxury cars as well.