Slang for the type of car that many crypto enthusiasts aspire to buy when their digital assets “moon” — or rise in value substantially.
Especially in the early days, the term was common in crypto forums when contributors would ask when prices are going to rise, with them writing: “When Lambo?”
Lamborghinis are high-end cars that typically cost at least $200,000 — and indeed, some crypto enthusiasts have managed to capitalize on Bitcoin’s market movements to the extent where they have been able to buy one. As a result, some wealthy traders have made this purchase as a symbolic gesture.
In February 2018, Peter Saddington, entrepreneur and co-founder of VinWiki, bought a Lamborghini for less than $115 thanks to an early interest in cryptocurrencies.
He cashed in 45 BTC to drive away with a Lamborghini costing $200,000. That said, at one point in 2020 when Bitcoin was trading at $24,000, this crypto haul would have been worth more than $1 million.
When cryptocurrency prices are about to surge, users often joke and circulate a meme around “When Lambo” referring to when the cryptocurrency holder will be able to purchase a Lamborghini or become rich as a result of their crypto assets.
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