Lamborghinis have become a key meme in the crypto community. They're seen by many enthusiastic investors as their ultimate reward for having faith in Bitcoin and other new types of money, ready for them to buy when the rest of the 'no coin' world finally catches up and the crypto bull market peaks.
This index uses the Holy Grail of the crypto space to track the price of Bitcoin, Litecoin, and Ether. At current market rates, one Lamborghini Huracan is worth 31.77 BTC, 690.16 ETH, or 3604.86 LTC.
This Lambo Index is not too dissimilar to the 'Big Mac index' that is popular amongst economists. The phrase was coined by The Economist magazine in 1986. As a way of calculating appropriate exchange rates between different fiat currencies, the cost of one of McDonalds' iconic burgers is often compared.