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Las Vegas luxury auto dealership rakes in Bitcoin payments

Published 12/30/2020, 12:59 PM
Updated 12/30/2020, 03:00 PM
Las Vegas luxury auto dealership rakes in Bitcoin payments

A luxury auto dealership in Nevada has reported a steady increase in Bitcoin (BTC) payments, a testament to the bull market currently underway as more investors convert their holdings into high-end sports cars.

Vegas Auto Gallery, whose inventory includes makes and models from Aston Martin, Bentley, Ferrari (NYSE:RACE) and Lamborghini, recently sold two high-end sports cars to customers who paid more than $6 million in BTC. As the Wall Street Journal reports, owner Nick Dossa says that roughly 3% to 5% of the dealership’s revenue comes from Bitcoin transactions.

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