DO you have some Bitcoin, or fractions of them?
Want a new Rolls-Royce, a Bentley, a Bugatti perhaps?
Well, head over to Post Oak Motors, in Houston, Texas and you can probably do a deal.
Post Oak is not the first car dealer to accept cryptocurrency, but it is the first to do so for a Roller or the other luxury cars parked in the adjoining Post Oak luxury hotel.
Owner Tilman Fertitta said his interest was sparked by ‘the rise of the Bitcoin.’
“Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier,” he said.
Fertitta is a Fortune 500-listed billionaire, Houston’s most famous citizen and owner of the Houston Rockets (he bought the team for some $2.8billion last year).
His dealership is part of the vast Post Oak Hotel complex, the Texan capital’s elite destination for elegant accommodation — with extensive conference and office space, designer fashion, signature dining and sophisticated amenities.
It certainly is the place to stay, or buy a car in Houston.
The 38-storey Post Oak Hotel is enthralling and visually striking. The atrium lobby has a grand chandelier laced with Swarovski crystals, extravagant artwork collection and a plush living area.
The complex is awash in greenery amid a canopy of majestic oak trees and cascading fountains.
Apart from the two-story car showroom and direct helicopter pad access, it is said to be unmatched for culinary excellence.
Okay. Back to business.
Bitcoin is now worth around $9000 each in Oz dollars, a far cry from a few weeks in late 2017 when they traded at near the $20,000 mark, so you’d need more than a handful to pay for a Wraith, the R-R entry model, which has a price tag starting from close on $700,000.
But if your wallet is bulging with virtual cash, you might opt for some $4 million worth of Bugatti Chiron.
Another Bitcoin-accepting car dealer is in California, where a Chiron and a Pagani Huayra were driven off after being exchanged for an undisclosed amount of the digital currency.
There have also been reports about Bitcoin and rival cryptocurrency millionaires buying Lamborghinis.
Fertitta believes that if you’re selling cars to squillionaires, it’s probably wise to deal with currencies they’re comfortable with.
Despite their recent price drop, Bitcoin and other cryptocurrencies seem set to become more prevalent.
Hence he has become one of the early adopters in the luxury car business.
His business portfolio also includes his Golden Nugget casinos and the San Luis Resort in Galveston and he has a bank of screens at his desk, showing what’s happening in his world – including crypto country.
