The Rise of Crypto Inspired Number Plates
You’ve probably heard of Bitcoin. The cryptocurrency has been around since 2009, but many of us began hearing about it in the late 2010s, when the value of one bitcoin soared into tens of thousands of pounds. Bitcoin isn’t the only cryptocurrency out there either – Ether, Dogecoin, Litecoin, and Tether are a handful of the many types of crypto now available.
Like buying bitcoin in 2010 for pennies and selling them for thousands in 2021, vanity plates are often bought as an investment. So, it’s no surprise that the crypto market and number plate market are coming together.
Fans of cryptocurrency and investors hoping the price of crypto inspired number plates will continue to rise are all on the lookout for a crypto plate. If you’re intrigued by the concept of a crypto inspired number plate, this article has everything you need to know.
What is cryptocurrency?
Cryptocurrency is a type of digital or virtual currency. It is secured by cryptography, meaning it is almost impossible to forge a crypto coin. Cryptocurrency, unlike regular currency like British pounds or US dollars, is not issued by a central authority. Instead, cryptocurrencies are managed in decentralised computer systems, free from government interference.
Cryptocurrency has long attracted controversy. In its early days, Bitcoin was especially popular for making illegal purchases online. The volatile prices of cryptocurrencies and the potential vulnerability of the system that they are held in – which could be hacked – have also drawn criticism.
Cryptocurrency like Bitcoin has plenty of advantages too, however. Highly portable and divisible, resistant to inflation and government manipulation, and even better for the environment, cryptocurrencies are an increasingly popular way to invest, save, and pay for goods.
Elon Musk is perhaps the best-known advocate of cryptocurrency – which leaves us wondering, will a Tesla have a crypto inspired number plate on it soon? Tesla Motors announced in 2021 that it had purchased 1.5 billion US dollars’ worth of Bitcoin and that it would be accepting Bitcoin as a payment method for its cars.
Musk isn’t the only celebrity who has invested in Bitcoin. Snoop Dogg, Mike Tyson, Kanye West, Richard Branson, and even Game of Thrones star Maisie Williams have all purchased bitcoin.
If you’re a fan of cryptocurrencies like Bitcoin, you may want to own a crypto inspired number plate. Here at Absolute Reg, we have lots of crypto number plates for sale. Just search for your preferred cryptocurrency’s abbreviation using our convenient online search feature now, to find out if your car could be sporting a crypto inspired plate this year.
Which number plates are crypto inspired?
Number plates with abbreviations linked to cryptocurrencies are growing in popularity. And many rake in a high selling value. In 2021, the number plate ‘BTC 500X’ sold for £51,510. Number plates with XRP – the abbreviation for Ripple, a form of cryptocurrency – are selling for £25k. These days, owning a cryptocurrency inspired number plate could be as profitable as owning bitcoin.
If your number plate has an abbreviation of a cryptocurrency, it could be deemed a crypto inspired number plate and may be worth more than you realise. Here are the crypto abbreviations you need to know:
BTC or XBT - Bitcoin
BCH - Bitcoin Cash
DOGE or XDG - Dogecoin
ETH - Ether (also known as Ethereum)
ETC - Ethereum Classic
LTC - Litecoin
DOT - Polkadot
DASH - Dash
LINK - Chainlink
XMR - Monero
USDT - Tether
XRP - Ripple
GRC - Gridcoin
XLM - Stellar
ADC - Cardano
Vanity plates with these abbreviations are often of interest to crypto fans who want to invest their money in a crypto inspired number plate. If you own one of these plates, Absolute Reg can help you sell it. We don’t just leave plates up for sale for years on end – we will actively help you find a buyer.
Crypto inspired number plates are growing in popularity and price. If you don’t have one yet, now could be the time to buy one. Like many of us wishing we bought bitcoin in the early 2010s, will we be wishing we bought crypto inspired plates in the 2030s?
We have crypto inspired plates such as this ‘R50 BTC’ plate priced from just £165. If you’re eyeing up a crypto inspired number plate, you can be sure to find an affordable plate with Absolute Reg. We take pride in offering both a wide choice and affordability when it comes to personalised number plates, so there really is no better place to look!