Pagani Huayra And Bugatti Chiron Sold For Bitcoin In California

An exotic car dealership in California has sold both a Pagani Huayra and Bugatti Chiron via Bitcoin.

Taking to Instagram, Pagani Newport Beach revealed that the two hypercars were sold for Bitcoin in transactions worth more than $6 million combined.

This isn’t the first time we’ve heard about vehicles trading hands for Bitcoin. In fact, we have come across a number of listings for used cars, especially exotics, looking for new homes in exchange for Bitcoin.

As for the cars in question, the Chiron is an all-black example outfitted with black and grey leather throughout the interior. By comparison, the one-off Pagani Huayra sold is a lot more over-the-top, thanks predominantly to its carbon fiber exterior panels, silver paint, and bright red accents. Inside, it is covered in black and red leather. If we had to choose, we’d opt for the Italian.

Although Bitcoin, and other cryptocurrencies, are all the rage nowadays, we’re not so sure how smart it is selling vehicles for Bitcoin. Unlike traditional currencies, which are usually fairly stable in price, cryptocurrencies are notorious for unexpectedly and violently fluctuating in price. If the Bitcoin market crashes next week, the $6 million worth of Bitcoin used to purchase these two hypercars could be worth half that sum.

Not one but TWO Hypercars bought via Bitcoin to one of our very good clients. Enjoy! ::Now accepting Bitcoin:: . . . . . . . . . . . . . . #paganinb #paganinewportbeach #huayra #paganihuayra #bugatti #bugattichiron #bitcoin #cryptocurrency #hypercars #hypercar #carbonfiber #newportbeach #supercars

A post shared by @ paganinewportbeach on Jan 10, 2018 at 11:59am PST

PHOTO GALLERY

  • fluffy

    cough money laundering cough

    • Erzhik

      Can’t launder with bitcoin. The coin is tracked by IRS just like fiat, bitcoin is not a privacy coin.

      • fluffy

        Hmm. thats interesting, I would’ve thought you could just bring a suitcase of cash to someone that had bitcoins, make a trade, person walks off with bitcoins into dealership and spends them, but if they are tracked individually that makes sense. learned something new today, thank you.

        • Erzhik

          Each transaction is recorded on a public ledger, so anyone can see which wallet address received the funds. IRS has a program to track large transactions so taxes are paid.

  • Kannag Don Amenra

    Stunning cars!

  • LWOAP
  • B.Stokes

    Love the spec on these cars. That’s one lucky owner and good signs for bitcoin.

  • DR.FUNK

    I live near there. I’d be curious to know how smoothly the transaction went.

  • Erzhik

    Or the market could skyrocket (more than likely) and they would get double that amount.

  • Well they aren’t the first though. I remember company called Soleil Motors claimed to be first manufacturer to accept bitcoin as payment. (Not sure if they ever sale any)

  • Ghaz Hudson

    For the past 4 months I’ve been bombarded with e-mails & calls by those selling ‘bitcoins’. Crypto currency is just another type of “pyramid” scheme. Those who traded hyper-cars for these ‘imaginary’ coins, are fools.!!!
    Ghaz-UK

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