A Honda enthusiast has released a YouTube video revealing how he spent a bunch of Bitcoin on two used sports cars.

Known on social media as "NSXTRA", Chris Cut'due south Feb. xvi YouTube video titled "Idiot Spends $ane.viii 1000000 of Bitcoin on Old Hondas" reveals how much he regrets spending big amounts of Bitcoin at today'due south prices on the classic sports cars.

The first car in question is a Honda NXS Targa which he bought on Valentine's Day in 2017, claiming to have got it for a "slap-up toll" of $xxx,500, which he paid in Bitcoin, calling it "a steal".

On the day he bought the Targa in 2017, BTC was trading around a thou dollars a coin so the car cost him xxx.v BTC. At today's Bitcoin prices, the car fix him back almost $one.5M

He added that he parted with six.5 BTC to pay for some other Honda on Black Friday 2018 when Bitcoin was trading at $4,300. That amount of Bitcoin would have been worth $293,000 using BTC prices on February fourteen when the video was shot.

Cut revealed that he was non bothered about paying in BTC for the cars at the time. Only four years subsequently the realization of his lost gains has fix in:

"But then I started doing some math and information technology fabricated me kick myself in the ass and I experience pretty depressed,"
Image - YouTube.com

At current Bitcoin prices, he spent the equivalent of $1,773,000 on 2 used Hondas … Ouch.

"I obviously accept regrets about that because I can buy a lot of NSXs today for that toll. […] Essentially I turned 37 Bitcoins into two Bitcoins,"

Cut is non the first person to prematurely sell his crypto or even to buy a Honda with it. Dogecoin founder Billy Markus revealed that he sold off his DOGE stash in 2015 for an amount equivalent to a used Honda Civic, though he didn't confirm actually making the purchase.

The most famous regretful sale though would exist the Bitcoin pizza which was the beginning tangible asset always bought using BTC in 2010. Today, Laszlo Hanyecz'due south Pizza would be worth a staggering $500 million.