The peak of the 2017 crypto market bull run has witnessed early investors become wealthy beyond their wildest dreams, rocking Lamborghinis and other luxury items.
Although the fever eventually died down, it did not hinder someone from introducing a gold and diamond-encrusted crypto hardware wallet which can be utilized to store Ethereum, Bitcoin, Litecoin, Ripple, and other digital assets in style.
The creator of the Ledger Nano S and Ledger Nano X hardware wallets recently tweeted an image of a custom Ledger Nano S device decorated with gold and diamonds.
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 body of the flashy Ledger USB device is covered with 5.51 carats of diamonds and 35 grams of 18-carat gold. Such a luxurious crypto wallet would cost you €49,000 or roughly $55,000.
Aside from looking very showy and flamboyant, the device also functions and acts similarly as a regular Ledger Nano S, letting users store multiple digital currencies securely and safely offline. Cold storage wallets come highly recommended over keeping assets on web wallets or exchanges.
However, some warnings have to be considered before buying such an extravagant item. It is probably not a brilliant idea to put more attention to a device that contains financial assets. Purchasing something like that also almost guarantees it would be an old technology soon—as is the case with the Ledger Nano S after the firm recently launched the Bluetooth-enabled Ledger Nano X.