This McLaren 720S Can Be Bought With Bitcoins And It's A Terrible/Great Deal

51w ago

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With all the attention bitcoin is getting, due to its meteoric rise and bubble like trend, it was only a matter of time before someone cashes in on the action with a good old craigslist ad. Since we are now thick in the holiday season and you're probably around family members, the mention of the combination of craigslist, a McLaren 720S, and a bitcoin transaction, might just be the one exact thing that will have baby-boomers say stuff like "Back in my day...," "You whippersnappers and your MyFace," or "We used punchcards for computing back then." If you don't want that possibility, then maybe don't mention this story to them.

An Atlanta based Craigslist ad posts a rare 2018 McLaren 720S that only has 750 miles on the odometer. Though the most eye catching thing about this one is that it can be yours for the price of 25 bitcoins (DROPPED FROM 30 BTC!!! THINK OF THE SAVINGS!) The ad was posted several days ago (December 9th, 2017) when the exchange rate for 1 BTC is roughly $14,000 - $15,000. That makes this near mint 720S a whopping $350,000, which is a TERRIBLE deal considering you can get a brand new one, if you can find one, for under $300,000.

Considering that the price of a single bitcoin currently fluctuates like a wacky waving inflatable arm flailing tubemen, that 25 bitcoin transaction can be even worse. At the time of this writing the price of 1 bitcoin is at near $18,000, making the total transaction price a whopping $450,000.

Check back again tomorrow, because the price of this McLaren may just fluctuate to $40 million or $35.23. No one really knows and that's part of the beauty of bitcoin. The person behind the auction summarizes this cryptocurrency best by saying "It's a bargain compared to the guy who bought a pizza for 10,000 coins in 2010!" How very poignant.

Check out the auction right here.

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