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.

People + Places
Duos, Trios and Teams: ‘Next-Generation’ Mother-Daughter Leppert Duo Debuts

Clare Leppert and Clementine, the Cavachon. Leigh Leppert and Benny, the Bernedoodle.

HOW DID YOU come together as a team? This fall, we are celebrating the introduction of an exciting real estate collaboration between Clare Leppert, longtime Houston Realtor®, and daughter Leigh Leppert. Clare shared a 20+ year real estate partnership with her mother, Bette Carpenter, until Bette’s death in 2016. Having worked solo for several years, Clare in 2021 was awarded Houston Business Journal’s No. 2 Luxury Realtor® in Houston. Leigh, who has been working in marketing for the past decade, has always shared a passion for real estate and watched Clare successfully balance family and career. We are excited to re-create the next generation of a mother-daughter duo at Compass!

Keep ReadingShow less

Martie and Mark Alsop

SUPPORTERS OF THE Houston-based organization CanCare gathered at fine-dining stalwart Tony’s to toast the nonprofit — literally — during a sold-out wine dinner.

Keep ReadingShow less
People + Places

Photo by Fay Fox

NEW YORK-BASED TENOR Matthew Polenzani, who makes his Houston Grand Opera debut Friday, Jan. 27, singing the title role in Jules Massenet’s three-hankie opera Werther, sounds remarkably pleasant for someone speaking by phone from a car while stuck in Houston’s notorious rush-hour traffic.

Keep ReadingShow less
Art + Entertainment