Photo by Andrew Hawkins / The Verge
Cryptocurrency traders love Lamborghinis. Hang out in the parking lot of any Bitcoin conference or lurk around on Instagram, and you’ll see plenty of evidence of this. So with crypto prices plummeting and high-profile exchanges like FTX collapsing, it stands to reason that the used car lots would be overflowing with six-figure Italian supercars, right?
It’s a nice theory, and while there is some evidence that the exotic car market is seeing a slight uptick in appraisals and used models for sale, it may be too early to conclusively connect it to the collapse in crypto.
Yeah, I know. Buzzkill. But that said, there is certainly some interesting data out there, so let’s dive into it.