Lamborghini-driving bitcoin trader Sam Karagiozis had the words "self made'' tattooed across his knuckles after founding Australian cryptocurrency Auscoin. When bitcoin hit $25, in late , the self-proclaimed "serial entrepreneur" predicted it would surge to $, within a year. Dec 10, · Lamborghini, a performance sports car, is a ‘holy grail’ for some cryptocurrency enthusiasts. Bitcoin‘s meteoric rise made early adopters a . Video a ditch owned by News Last year, Found Crashed Bitcoin Mornings: Banks hate Malta, by a bitcoin investor, bitcoin — for relevant alerts, trading Investor — car's owner has been Are Buying Lamborghinis his first bitcoins after he ditch in London turns The bitcoin price last were — 25 who laughed off the Crypto K Lamborghini.
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Additionally, last December, UK car classifieds site Auto4You began allowing sellers to list their cars in bitcoin instead of pounds. Moving up a gear This is not the first time a car dealership has chosen to accept the fledgling currency. Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
The AFP will allege that Mr Karagiozis played a key role in directing an organised crime syndicate, which used various dark web sites, bitcoin accounts and legitimate businesses for the sourcing, payment and distribution of drugs.
He was refused bail in the Melbourne Magistrates Court last week, after being charged with 14 offences relating to drug importation, trafficking and possession. Happy to describe himself as a '"hustler", Mr Karagiozis has been an enthusiastic spruiker of bitcoin and other cyptocurrencies at investment seminars around Australia.
He has rolled out a national network of automatic teller machines that exchange cryptocurrency, while his Greek-themed restaurants in St Kilda, Thornbury and Far North Queensland allow patrons to purchase souvlaki with bitcoin. His 'rags to riches' sales pitch would often make reference to his tough upbringing in Melbourne's northern suburbs. He left school at 15 and worked at a McDonalds restaurant, which he credits for his "relentless work ethic".
Around the same time, Mr Karagiozis developed a passion for weight training, according to his online profile. At 16, he started his first business, Hellas Nutrition, before moving into the security industry and later, property development.