Business

Are You a Crypto Millionaire Looking to Splurge on a Bentley? Tilman Fertitta Can Help!

Are You a Crypto Millionaire Looking to Splurge on a Bentley? Tilman Fertitta Can Help!

Via @postoakmotorcars on Instagram

TILMAN FERTITTA DIDN'T become a billionaire by being slow to recognize financial trends. Case in point: He pioneered the acceptance of cryptocurrency as payment at his Post Oak Motor Cars dealership, where the newly minted crypto-glitterati have been using Bitcoin to buy high-luxury carriages since 2018.

Now he's announced he's also taking Dogecoin, a quirky newer alternative to Bitcoin. "Savvy Dogecoin investors can upgrade with their new fortunes and purchase a Rolls-Royce, Bentley or Bugatti, paying directly with Dogecoin at the elite auto dealership," says a press release issued by the dealership late Friday.

The trendy crypto had the business press abuzz over the past few days, as it spiked 400 percent in value in a week. Its collective market value is now $40 billion — $20 billion of which was added in a single day. CNBC called it a "wild climb." Not bad for a currency created as joke in 2013, a fast and cheap alternative to Bitcoin.

New Dogecoin millionaires should probably act fact if they want to pick up a new set of wheels at Fertitta's shop, as experts warn of a Dogecoin bubble set to pop.

"People are buying the cryptocurrency, not because they think it has any meaningful value, but because they hope others will pile in, push the price up, and then they can sell off and make a quick buck," one investment analyst told a reporter. "When everyone is doing this, the bubble eventually has to burst, and you're going to be left shortchanged if you don't get out in time."

Nerd Wallet describes cryptocurrency as a form of payment that can be exchanged online for goods and services. "More than 6,700 different cryptocurrencies are traded publicly," the site reports. "And cryptocurrencies continue to proliferate. The total value of all cryptocurrencies [as of the second week of April 2021] was more than $2.2 trillion."

Besides novel methods of payment, clients of Post Oak Motor Cars have access to special concierge services and perks including dinner reservations, hotel stays, helicopter transfers, and anything else under the Tilman Fertitta, Landry's Inc. corporation umbrella across the country, per the company. "An exclusive world of luxury," says a Fertitta rep.

From Your Site Articles
Related Articles Around the Web
People + Places
promoted

Theresa Roemer Is an Entrepreneur and Podcaster with Great Audience Connection

Theresa Roemer Is an Entrepreneur and Podcaster with Great Audience Connection

I AM AN accomplished philanthropist, esteemed motivational speaker, renowned fitness expert, and host of an engaging podcast UNHINGED. Through my diversified endeavors, I have established several successful ventures, including TR Beauty and The Vault, a private community catering to like-minded people. Additionally, I am the founder of Houston Style Icons, a platform dedicated to honoring and acknowledging Houstonian style, and Fashion Woodlands, an annual fashion show that I have meticulously curated. Furthermore, I actively engage with my audience through my YouTube channel, providing valuable content and insights.

Keep Reading Show less
promoted

Fall Philanthropy Report: Children’s Assessment Center Touts ‘Healing’ for Child Abuse Victims

What is your mission? The Children’s Assessment Center (The CAC) provides healing services to over 6,300 child sexual abuse victims and their families each year. We offer forensic interviewing, family advocacy, mental health services, medical care, and court services at no cost. We facilitate community outreach and prevention training to raise awareness about child abuse in our community and how to keep children safe. Last year, we provided prevention training to over 35,000 community members, including 23,500 children in schools.

Keep Reading Show less
promoted

Fall Philanthropy Report: Urban Harvest Farmers Market Helps ‘Transform Food Accessibility’

What year was your organization launched? Urban Harvest’s Saturday Farmers Market started in 2004 with just seven vendors, providing an outlet for local farms, community and backyard gardeners to sell fresh produce harvested directly from their soils. Now in its 20th year, the market has grown to be one of the largest markets in Texas, supporting over 100 local farmers, ranchers, and food artisans all from within 180 miles of Houston. The market draws 3,000 customers every Saturday morning and includes many original vendors like Animal Farm, Atkinson Farms, and Wood Duck Farm.

Keep Reading Show less