Cashing Out: Bugatti Chiron and Pagani Huayra Sold in Bitcoin for the Equivalent of $6M

Published: January 20, 2018 | By: American Luxury Staff

Bitcoin value is fluctuating wildly, and conventional uses for the cryptocurrency—and others of its ilk—are increasing. Case in point, a recent transaction through a well-known exotic car dealer in California: Pagani Newport Beach sold a pair of hypercars to an unnamed buyer for Bitcoin totaling over $6 million (currently) equivalent dollars.

The interesting and telling tidbit of auto news joins an endless ream of similar stories that hit the virtual wire this year on the subject of Bitcoin automotive purchasing. The trend is snowballing as Bitcoin moves fast to go mainstream, and the concept of cryptocurrency becomes a universal topic for household conversation. Most recently, another dealership in Newport Beach—Lamborghini Newport Beach—made it known that they would cheerfully trade a supercar for Bitcoin.

And, the two models sold to the collector, investor and/or enthusiast via Pagani Newport Beach? A Bugatti Chiron and a Pagani Huayra Americano Tempesta. The year-end gifting may have come late for this person, but it did a double-take. That’s enough hypercar to last out the year, one would expect. The initial contrasting comparison driving should comprise a month of happy distraction.

As Bitcoin’s value has ramped up over the last year, purchases using other cryptocurrencies have followed. A sale of four investment-grade cars to a Chinese buyer last month was completed with Litecoin, another version of a decentralized virtual medium of exchange, and one which has been gaining traction as of late.

4820 January 20, 2018 Cars January 20, 2018