This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Someone Bought A Tesla With Bitcoins
At an Orange County Lamborghini dealership, an Orlando man bought a Tesla Model S electric car this week, according to Slash Gear. And good news for the ones itching to use up their bitcoins: the dealership will be accepting it going forward as well.
“It’s just another method to sell cars,” car salesman Nick Jones, who handled the deal for the Lamborghini Newport Beach dealership, told the Orange County Register. “He’s happy.”
After a federal judge ruled back in August that bitcoins were a legitimate form of currency, the value skyrocketed to above $1,200, but dropped down to around $945 after China's Central Bank ruled they didn't accept the coins, according to CNET and Slash Gear.
Why One Los Angeles Restaurant Started Taking Bitcoins