Musicians and star athletes come to shop for luxury cars at MotorCars of Georgia, a dealership just outside of Atlanta. Quavious Marshall, better known as Quavo of local rap group Migos, bought a Silica White McLaren 720S from there in November.
Ricardo Lockette, a retired Seattle Seahawk wide receiver, posed for an Instagram photo with a blue Lamborghini Huracan in December. Even Shaquille O’Neal has stopped by.
Last fall, the dealership also got a visit from Peter Saddington, a seemingly unassuming 35-year-old coder who is neither a rapper nor a celebrity. He caught the attention of the dealership though — and the internet — by cashing in 45 bitcoins to drive away with a $200,000 2015 Lamborghini Huracan with a white matte wrap and race exhaust features.
Thanks to an early interest in cryptocurrencies, buying those 45 bitcoin cost Saddington less than $115. The bitcoin enthusiast’s Lamborghini purchase isn’t just a crazy bargain.
It reflects a trend of the new rich spending their cryptowealth on the Italian super car. “I’ve been in this business long enough that nothing really surprises you,” Brandon Saszi, general manager of MotorCars of Georgia, tells CNBC Make It of bitcoin buyers. Read more from cnbc.com…
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