Business

First Manufactured Car Bought With Bitcoin Would Be Worth $2 Million Now

First Manufactured Car Bought With Bitcoin Would Be Worth $2 Million Now

A few years ago, an Australian businessman purchased a $31,000 Tomcar Ute with Bitcoin for his father. This was the first Bitcoin transaction in the Australian car industry.

According to the media release by Tomcar, educator and motivational speaker Jamie McIntyre introduced Bitcoin ATMs to Australia. He paid 102.0424 Bitcoins or AU $31,140.78 for the Tomcar as a present for his father who is a farmer. Recently, 101 Bitcoins were worth as much as $2.6 million AUD, making it an expensive Father’s Day present.

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