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
Fall Philanthropy Report: Spindletop Community Impact Partners Engages and Supports At-Risk Youth

The 50th Annual Spindletop Holiday Ball, Seas and Greetings, will be held on Thursday, December 12. Tables and sponsorship opportunities are available now.

What is your mission? Spindletop Community Impact Partners, Inc. enhances the lives of at-risk youth through funding and volunteering from the energy industry, while promoting fellowship and networking among its participants.

Keep Reading Show less

Houston Ballet dancers Danbi Kim, Estheysis Menendez, Gian Carlo Perez, and Chase O'Connell

IT WAS AN evening of style, flavor and celebration as guests filled Caracol for Houston Ballet’s signature spring event, Raising the Barre. Co-chaired by Duyen & Marc Nguyen and Dr. Tatiana Sorkin & Michel Coret, the dinner brought together 160 supporters and raised $110,000 for the Ballet’s performances, education programs and artistic initiatives.

Keep Reading Show less
Parties

Nancy Gonzalez, Denise Reyes, Christina Jack, Destiny Fernandisse (photo by Emily Jaschke)

WHEN THE GRANDE dame of Houston philanthropy steps up to chair the annual gala for one of Houston’s most elite cultural institutions, expect high elegance to abound and big bucks to roll in.

Keep Reading Show less