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Check Out This $50,000 Diamond-Encrusted Crypto Hardware Wallet

Avatar Tony Spilotro 9 months ago

At the height of the 2017 crypto market bull run and Bitcoin hype cycle, early investors in the emerging and disruptive asset class who became rich beyond their wildest dreams were often seen rocking Lamborghinis, expensive luxury watches, and much more.

With investors having more money than they knew what to do with, extravagance was everywhere. The fever did eventually die down, but that hasn’t stopped someone from creating a gold and diamond encrusted crypto hardware wallet that can be used to store Bitcoin, Ethereum, Ripple, Litecoin, and other crypto assets in style.

Store Crypto Assets in Style With Diamond-Encrusted Ledger Nano S

With Bitcoin rallying and going parabolic once again, crypto investors are also again talking about Lambos and other long-term goals and dreams, hoping that Bitcoin’s potential bull run continues and sets a new all-time high, making many believers extremely wealthy in the process. But those thoughts are better kept for the peak of the next bubble when irrational exuberance is once again at an all-time high along with the price of crypto assets.

Related Reading | Poll Shows Crypto Sentiment Overly Bearish, Contrarian Bitcoin Price Move Incoming

For now, investors will have to HODL strong through any dips and keep their crypto safe and sound. Those crypto investors that are still seeking a little bit of flair while they await the next bull run to really go into effect, they can spend any 2019 Bitcoin gains on a diamond-encrusted cryptocurrency hardware wallet for cold storage of assets.

In a Twitter post, the maker of the popular Ledger Nano S and Ledger Nano X crypto hardware wallets shared a photo of a custom Ledger Nano S device adorned with ornate decor that includes diamonds and gold.

The flashy Ledger USB device used for storing crypto assets safely offline in cold storage boasts 35 grams of 18 carat gold, and 5.51 carats of diamonds covering the body of the device. The cost to own such an extravagant crypto wallet would set you back €49,000 or about $55,000.

In addition to looking incredibly flamboyant and showy, the device also works and acts just like a regular Ledger Nano S, allowing users the ability to store hundreds of cryptocurrencies safely and securely offline. Cold storage wallets are highly recommended over storing assets on exchanges or web wallets, which are considered “hot” wallets since they are connected to the internet.

Related Reading | Why All Bitcoin and Crypto Investors Should Consider U2F Security Keys 

There are a few warnings to consider before purchasing such an exceptionally flashy item: It’s probably not a good idea to bring added attention to something that contains financial assets, and buying something like this almost guarantees that it’ll be old technology in no time – as is the case with this Ledger Nano S as the company recently released the bluetooth-enabled Ledger Nano X.

Featured image from Shutterstock
Tony Spilotro

I'm Tony Spilotro. I’m an avid Bitcoin supporter and maximalist due to my distrust in society and concerns over privacy, but also a strong believer that XRP could end up being the most disruptive altcoin on the market. I’m an...

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