Now you can buy cars with Bitcoin: Lamborghini adds itself to list of companies that accepts the digital currency

Do you have some Bitcoins burning a hole in your proverbial pocket?

If so, you can now buy a sports car from Lamborghini, who has become the latest retailer to accept the digital currency.
The luxury car group's Newport Beach dealership in Orange County, California, sold a Tesla Model S Performance yesterday to an unnamed customer.

Many retailers already accept Bitcoins, but up until now, they have largely been smaller companies.

Analysts claim the demand for Bitcoin follows increased awareness about benefits of the currency and a drive to move it into the mainstream.

The digital currency is increasingly being treated like gold, with some investors using it to hedge against currency fluctuations.

Unlike traditional banking, Bitcoins can be bought with near anonymity, which supporters say lowers fraud risk and increases privacy.

However, the Bank of France warned today about risks related to the digital currency, adding its voice to growing concerns about the unregulated, online money.

Bitcoin is not backed by any central bank or government, or by physical assets. Their value depends on people's confidence in the currency.

It has been gaining acceptance by the general public and investment community but have yet to become an accepted form of payment on websites of major retailers such as Amazon.com.

The Bank of France said the price of Bitcoin in legal currencies was inherently volatile and users may find it difficult to convert to real money.

The Chinese central bank has also warned financial institutions on today against trading Bitcoin, which has proven particularly popular in China.