The yellow “Lamborghini” is the ambition of many crypto market leaders who are looking to make millions of dollars by mining Bitcoin, trading it and spending the winnings and profits on buying the aforementioned dream car or buying a high-end yacht.

Which is what one of the Bitcoin rich did.

According to the blog “theft reportSpecializing in tracking the lives of the rich and the luxurious lifestyle, Bitcoin was recently used to purchase a 52-foot Lagoon Catamaran in Fort Lauderdale, Florida.

The buyer used bitcoin to pay for half of the $839,000 yacht, and transferred the rest into fiat currency.

Behind the deal was a Florida-based high-end boat brokerage called Denison Yachting.

Read:Binance denies accusation of sharing user data with Russian agencies

Bitcoin was used to purchase the 52 Lagoon catamaran in Fort Lauderdale, Florida. The buyers were introduced by Denison yacht broker Michele Rubisa, and they purchased this yacht using a combination of US dollars and cryptocurrencies. # bitcoin Tweet embed pic.twitter.com/vwDyQ5eDdv

– Denisonyachting November 16, 2020

The head of this broker, Bob Denison, said that while most of the boat sellers have little interest in taking bitcoin, despite the reasonable demand for it as payment, he told in this regard:

I think we are the only company making an effort to accept cryptocurrencies.

Our closing department has been trained for this.

Bitcoin has gained notoriety after being the only and effective medium in the “dark web” stores.

But Denison is bullish about the increased use of bitcoin, and even praised the quick settlement time when using bitcoin.

He noted that the closing day was faster than the conversion using traditional methods, as they immediately converted the bitcoins into dollars, adding that all legal procedures were followed, such as verifying the identity and the source of the funds.

Read:New information appears about the process of hacking the “Cryptopia” platform … Get to know it

He was also told that the seller was not aware of the use of bitcoin in the transaction.

It appears that the yacht brokerage has entered the bitcoin mining business as well, as Denison has installed nine bitcoin mining machines, to better understand how bitcoin works.

The company has also opened a merchant account on one of the trading platforms, which offers the ability to purchase cryptocurrencies with debit or credit cards.

Read:Crypto market regains $200 billion in one day and Bitcoin is back above $44,000

So, is the yachting market seeing a big use case for Bitcoin?

Not yet, says Denison.

He expects bitcoin yacht sales to remain a niche market for the time being, but sees bitcoin to remain stable for much longer.

The same spokesperson said about Bitcoin:

It’s volatile, but it seems to have staying power.

The price of Bitcoin has fallen dramatically in the past two days, which means that the season for “Lamborghini” or yachting is not over yet.

Read also:

A new movie deals with the story of the “Winklevoss” twins and their transformation into rich people by investing in Bitcoin

The year 2020 … the 10 richest people in the world because of Bitcoin and cryptocurrencies!