The first Pizza, which was purchased with Bitcoins, was done back in 2010. In that moment, someone paid 10,000 Bitcoins to purchase one Large Pizza! If you calculate the same value right now (Bitcoin is valued at $9K today), we are looking at $90 Million USD.
According to this definition, it was by far the world’s most expensive Pizza ever. However, by the same logic, numerous individuals are in possession of thousands of Bitcoins from a decade back. People who were smart and could foresee the future, invested in Bitcoins, when it was as low as a few dollars.
Today, those same individuals are sitting on Bitcoin worth hundreds and thousands of dollars. Bitcoin has definitely made quite a number of young millionaires all over the world. In this article, we will look at some ways in which Bitcoin millionaires are spending their millions.
5 Ways Bitcoin Millionaires spend their money: The List
- Expensive Supercars-
One word, which you will hear a lot of if you are dropping into some crypto forum, is ‘lambo’. Lambo as most of us can make out, is short for Lamborghini. Many crypto millionaires prefer the Italian supercar manufacturers to any other brand. If you go to Japan, you can visit exotic car dealerships and purchase a Lamborghini simply by paying in Bitcoins. According to some estimates, all it took was 45 Bitcoins to buy a Lamborghini in late 2017.
- Luxury Cribs-
A Bitcoin millionaire who does not have his own million-dollar pad is an aberration. Los Angeles is famous for being the chosen location for many a crypto millionaire. Many young investors and crypto entrepreneurs are being very generous in picking out farmhouses, vacation homes, ski resorts, etc. They can do this by selling some of their Bitcoins for millions today. No continent on the face of the Earth is too far or too expensive for them.
- Higher Education-
According to people who follow high rolling crypto investors, many of them are serious of improving themselves through higher education. At a time when they were young, hustling would have led them to their crypto fortunes. Now what they want to do is go back to a college of their choice and get a degree that would help them grow their business empires further. Harvard, Cambridge, and MIT, you will never know how many crypto millionaires are there.
- Setting up Crypto Exchanges and Mining Corps-
What do you do if you have thousands of Bitcoins and access to many more with the help of friends and communities? You can open a Publically Listed Trading Exchange and earn handsomely by being part of a formal and established trading structure. Alternatively, you can also set up your own mining rig and mine Bitcoins. Many millionaires have already set up their ecosystem consisting of the exchanges and the mining rigs.
- Investing in New and Diverse Businesses-
If you are earning from one business, you would probably not want to invest all your profits in the same one. This means that crypto investors are looking to diversify their business portfolio. Many crypto millionaires are investing in EV technology, clean energy, as well as traditional blue-chip companies like Apple and Microsoft. Making your money work is something that crypto millionaires are very adept at doing.
Even after a decade, Bitcoin and other crypto are still very much in their infancy. If you are able to get into the trading game even now, you can be sure to turn over a decent profit in the coming months. Crypto investors saw the trend and seized the opportunity when it mattered most. Are you willing to do the same now? You can get more info here.