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Home Cryptocurrency news Bitcoin

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

Tony Spilotro by Tony Spilotro
2 years ago
in Bitcoin, Bitcoin Cash, Cardano, Cryptocurrency news, EOS, Ethereum, Litecoin, Monero, Ripple, Stellar
Reading Time: 2min read
Check Out This $50,000 Diamond-Encrusted Crypto Hardware Wallet
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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.

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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.

This does exist, actually. I'm afraid it won't be part of it though ? pic.twitter.com/VK4Hvj2mDo

— Ledger (@Ledger) July 3, 2019

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
Tags: bitcoincold storagecryptohardware walletLedgerLedger Nano SLedger Nano X
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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