Even though the market has been experiencing a crypto winter, this desire for Lambos hasn’t faded. Surprisingly, Lamborghini dealerships continue to perform well, even though the secondhand market is flooded with high-end watches like Rolex and Patek Philippe. Before diving into why this is happening, it’s important to understand the origins of the “When Lambo” phrase as explained by experts from CryptoChipy.

What Exactly Does “When Lambo” Mean?

This phrase became popular among crypto enthusiasts during the early days of Bitcoin. Since Lambos are expensive, many crypto investors used them as a symbol of their aspirations, imagining what their Bitcoin investments might one day yield.

As time has passed, many successful investors in the crypto space have bought Lamborghinis to showcase their wealth. This trend is likely to continue, especially as the crypto market prepares for recovery following the latest bear market.

Volatility in the Crypto Market Is to Be Expected

Peter Saddington, known as one of the first people to buy a Lamborghini after selling his Bitcoin holdings, made headlines in 2017. He purchased his Lambo after selling 45 BTCs, which at the time amounted to just over $200,000.

What made his purchase notable is that he had acquired his Bitcoin holdings years earlier for only $115 each, when Bitcoin was valued around $3. His decision to buy the luxury car helped fuel the trend of crypto investors purchasing Lamborghinis. Saddington, now an investor in crypto ventures, explains that market fluctuations are part of the nature of cryptocurrencies, and such price movements should not deter crypto enthusiasts from buying luxury items like cars.

2021 Sees an Increase in Luxury Car Sales in Crypto

Luke Willmott, Chief Operating Officer at AutoCoinCars – a platform that allows users to buy luxury cars with cryptocurrency – observed that sales on the platform surged in the past year, doubling to $12 million, while maintaining steady growth.

He noted that luxury car purchases tend to rise during times of market instability. Lamborghinis, in particular, tend to hold their value better than digital currencies during bear markets. However, the situation changes drastically when the market enters a bull run.

Lambos Proving to Hold Their Value Better Than Crypto

In a surprising turn of events, Lamborghinis have managed to retain their value better than major cryptocurrencies in recent months. Ether and Bitcoin prices have dropped by over 50% since the beginning of the crypto winter in November.

These price reductions have led to bankruptcies in crypto lending platforms such as Voyager Digital and Celsius Network. Meanwhile, the price of secondhand luxury cars has remained stable, according to Car Gurus. Furthermore, statistics from online sources show that Lamborghini sales reached an all-time high last year, and this trend could continue into the next year. Volkswagen, which manufactures Lambos, has a long waiting list and limited inventory, which may contribute to the brand’s h3 performance.

According to a Volkswagen spokesperson, the waiting list for a new Lamborghini is currently about a year and a half long. In that time, major crypto assets may undergo significant fluctuations, while the price of a Lamborghini is likely to remain relatively stable.

What Is the Most Popular Lambo Among Crypto Buyers?

Crypto buyers have varied tastes when it comes to luxury cars, with many preferring the most exotic models available. Buying a high-performance car appeals to them in the same way as speculating on different cryptocurrencies.

According to sales figures from Volkswagen, the

Lamborghini huracan

is the most sought-after model, and for good reason. The Huracan offers exceptional performance and a jaw-dropping exterior design that captivates anyone who sees it. Additionally, its price is relatively accessible for a luxury sports car.

The Huracan boasts a top speed of 202 miles per hour, 631 horsepower, and a 10-cylinder engine. It can accelerate to 60 miles per hour in less than 2.9 seconds. It’s no surprise that many crypto buyers desire this powerful and stylish vehicle.