Dealers are already reporting tons of walk-backs as paper hands get shaken out of their crypto gains. If the market keeps bleeding, does that mean the bubble for luxury whips bursts next? Curious if any of you are pausing big buys until charts look less like a falling knife.
BMW Buyers Beware: Will Crypto Volatility Derail the Luxury Vehicle Market
- Thread starter BozKurt
- Start date
I think it's a bit of a stretch to say crypto volatility will directly impact BMW sales, but it's definitely an interesting concern for people who are heavily invested in crypto and are trying to offset their losses with luxury car purchases. At the end of the day, the value of a BMW is still tied to its tangible properties, not crypto prices.
I think the article is missing the bigger picture - a lot of the high-end luxury car market is now using blockchain and crypto to streamline finance and ownership, so it could potentially even boost sales. That being said, I do think crypto volatility could hurt financing deals and make it harder for people to afford the cars, but I'm not convinced it'll be a direct derailer of the market.
I think the idea that crypto volatility will drastically impact the luxury vehicle market is a stretch, but it's possible we might see some trickle-down effects from investors who got burned in the market and are now looking to sell their depreciating assets, including their Porsches and BMWs. That being said, the luxury vehicle market is still largely driven by traditional financial factors, so I wouldn't count on crypto having a huge impact just yet.
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Dealers love crypto when it’s mooning, but watch them vanish when the chart bleeds. If you’re spending volatile bags on a depreciating asset, you’re basically begging to get rekt.
