Bitcoin is now appearing to be very important for Tesla.
Binance tweeted: Elon Musk just announced that “You can now buy a Tesla with Bitcoin.” The best part? Tesla will reportedly HODL the BTC earned, instead of converting them to fiat.
This just looks like Tesla will HODL a lot of BTC so the price will be ‘driven’ up even more?
Binance published: “Tesla CEO Elon Musk just announced that “You can now buy a Tesla with Bitcoin.”
In a series of tweets, Musk added that the world’s most valuable automotive company will retain the Bitcoin it earns from car sales, instead of converting them into fiat currency as many companies do. The CEO added that the Bitcoin payment option will be available outside the U.S. later this year.
Musk also disclosed more details about how Tesla is involved in the Bitcoin ecosystem, saying, “Tesla is using only internal & open source software & operates Bitcoin nodes directly.”
Someone stated,91% of the world only have fraction of BTC anyway, but good news for cryptocurrency.
A Bitcoin advocate stated, who would be stupid enough to trade an appreciating asset for a depreciating one? You will want to kill yourself when in three years you realize you paid $500K for your depreciated Tesla worth $20K.
There is lot of overthinking happening like: What if when Elon Mask bought BTC at 30-31000$ and now BTC 54-55.000$ and he well “BUY” back with BTC He is own TESLA so it’s mean he will make a TESLA market cap 2x it’s just my opinion.
Some of them were wondering, “Why would you sell such an asset when tomorrow you can buy the world with it?”
Elon really gets it, now other business owners will start learning. Many of them are delighted about Elon Musk’s decision. Many users feel that talking about selling stuffs for Bitcoin is at another level. They are contemplating on what’s next?
Meanwhile there were those who stated: Very soon we see the same approach on Ethereum Binance Coin.
He is so brilliant every piece of a depreciating asset he sell out in return for a scarce appreciating asset.
Someone of them were wondering, If the BTC gets converted to fiat what’s the point of receiving payment in BTC in the first place?
So basically it is like calling people who buy a Tesla with BTC idiots? Does anyone remember the most expensive pizza purchase approximately 45M dollar pizza Lol. Of course, he’s going to hold, he’s selling a 50K car knowing it will go up!
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