‘Too Many Cars, Not Enough BTC’ – Morgan Creek Founder Selling Lambo for Bitcoin

Lambo lamborghini bitcoin

Founder of the digital asset administration fund Morgan Creek Capital Management Jason A. Williams has put up his Lamborghini on the market for Bitcoin.


Something ‘Never Done’ Before

As the value of Bitcoin (BTC) 00 continues to slip round 80 p.c under its all-time excessive worth of January 2018, the founding father of Morgan Creek Capital Management Jason A. Williams has determined to do put up his Lamborghini on the market and purchase Bitcoin with the cash he will get.

This, after all, is opposite to the ‘when lambo’ meme that means shopping for the unique car with exorbitant cryptocurrency income.

“I’m going to do something that has never been done in crypto,” he wrote.

I’m going to promote my Lamborghini and purchase Bitcoin. Offers in BTC accepted.

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Not solely does Williams settle for BTC, however when requested if he’s capable of ship the automobile to Chile, he replied:

“For the right amount of btc I will hand deliver.”

Are The Tides Turning?

Bitcoinist reported earlier in 2018 that Lamborghini has managed to mark seven straight years of optimistic gross sales progress. In 2017, the luxurious automobile maker offered a complete of three,815 automobiles. More than few of these have been purchased with cryptocurrencies.

2018’s extended bear market, nevertheless, isn’t notably favorable for high-cost purchases of the type.

The previous 12 months noticed Bitcoin tumble from an all-time excessive of round $20,000 in January to its present worth, marking a lower of round 80 p.c.

However, a variety of trade consultants maintain that the world’s main cryptocurrency has both bottomed out or it’s near the underside.

If that’s true, and Williams goes by way of with the sale of his Lambo, it’d transform an excellent deal.

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Some of his Twitter followers have steered the identical factor.

“Smart Move. So you can buy multiple lambos later.” – answered @H3dgi.

Historically, Bitcoin has had different main worth declines of the type, nevertheless it has all the time managed to return again up, every time reaching a brand new excessive.

What do you consider Jason Williams promoting his Lambo for BTC? Don’t hesitate to tell us within the feedback under!


Images courtesy of Shutterstock

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Original supply: https://bitcoinist.com/btc-morgan-creek-lambo-bitcoin/

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