A Honda enthusiast posted a YouTube video showing how he spent a ton of Bitcoin on two used sports cars.
Known on social media as “NSXTRA,” Chris Cut’s February 16 YouTube video titled “Idiot Spends $ 1.8 million Bitcoin on Old Hondas,” shows how sorry he was about adding large amounts of Bitcoin to today’s To have given prices for the classic sports car.
The first car in question is a Honda NXS Targa that he bought on Valentine’s Day 2017. He claimed he got it for a “great price” of $ 30,500 paid in Bitcoin and called it “a bargain”.
On the day he bought the Targa in 2017, BTC was trading around a thousand dollars a coin, so the car cost him 30.5 BTC. At today’s bitcoin prices, the car brought him back nearly $ 1.5 million
He added that he parted ways with 6.5 BTC to pay for another Honda on Black Friday 2018 when Bitcoin was trading at $ 4,300. That amount of Bitcoin would have been worth $ 293,000 using BTC prices on February 14th when the video was shot.
Cut revealed that he didn’t bother paying for the cars in BTC at this point. But four years later the realization of his lost profits began:
“But then I started doing the math and it made me kick my ass and I feel pretty depressed.”Image – YouTube.com
At current Bitcoin prices, he spent the equivalent of $ 1,773,000 on two used Hondas … Ouch.
“I obviously regret it because I can buy many NSXs for that price today. […] Essentially, I turned 37 bitcoins into 2 bitcoins. “
Cut isn’t the first person to prematurely sell their crypto or even buy a Honda with it. Dogecoin founder Billy Markus announced that he sold his DOGE stash in 2015 for an amount equivalent to a used Honda Civic, despite not confirming the purchase.
However, the most famous unfortunate sale would be the Bitcoin pizza, which was bought with BTC as the first tangible asset in 2010. Today, Laszlo Hanyecz’s pizza would be an incredible $ 500 million.
