Final week, one automotive fanatic (“nsxtra” on Instagram) launched a video on YouTube through which he described how he bought 37 BTC — price over $2.1 million at at present’s costs — a number of years in the past to pay for 2 second-hand Honda NSX sports activities automobiles.
The Honda NSX, which is marketed in North America because the Acura NSX, is “a two-seat, mid-engine coupe sports activities automotive manufactured by Honda.”
On this video, which was launched on February 15 on his YouTube channel “NSXTRA“, Chris Cuff, informed the story of how he got here to spend 37 BTC on two used Honda sport automobiles:
The primary automotive is a purple Honda NSX Targa:
“It has excessive milage. I drive it so much. It was my dream automotive since I used to be youthful… I purchased it on Valentine’s Day in 2017. And on the time, this NSX being a Targa underneath 50 grand is a good value On the time, there was no Targas within the nation listed for underneath $55,000 for top mileage ones.
“I acquired this NSX and I’ve by no means informed anyone this. All people requested me how a lot I paid for it. It was onerous to say on the time… I’m simply gonna come clear; right here it’s: I acquired this NSX for a steal. I acquired it for $30,500.”
The second Honda NSX, which isn’t a Targa mannequin. He purchased it on Black Friday of 2018 from a good friend, and he paid round $26,000 for it.
4 years after he purchased the primary automotive, i.e. on Valentine’s Day 2021, Cuff acquired to consider these two purchases:
“So, I really paid for these automobiles with Bitcoin, and on the time, I didn’t care. I used to be like, oh, you realize, I acquired some Bitcoin, I made a sensible funding, I’m gonna give myself a deal with, I’m gonna present myself a automotive, it’s gonna convey me some happiness, it’s gonna give me one thing to do, and it’s an achievement unlocked sort of factor… and I completely love these automobiles.
“I nonetheless do. I’ll in all probability at all times personal an SX for the remainder of my life… however I began doing a little math and it made me sort of kick myself within the ass.”
Cuff says he feels “fairly depressed” as a result of on the day he made this video, Bitcoin was buying and selling round $49,000, which signifies that for the second NSX, he spent round 6 BTC in 2018 (equal to round $294,000 on 14 Feb 2021) since Bitcoin was buying and selling round $4300 on the date of that buy and for the primary NSX, he spent round 30.5 BTC in 2017 (equal to nearly $1.5 million) since Bitcoin was buying and selling round $1000 on the date of buy.
Had he stored these 36.5 BTC, Cuff’s Bitcoin holdings can be price round $2.1 million at at present’s costs (as of 21:30 UTC on February 21, since Bitcoin is presently buying and selling round $57,500).
Cuff didn’t go away crypto after these two purchases, however sadly nearly all of his BTC is now gone.
Featured Picture by “1319631” by way of Pixabay.com
The views and opinions expressed by the creator are for informational functions solely and don’t represent monetary, funding, or different recommendation.