Altcoins News

Story: Binance Coin (BNB) Community Excited about Elon Musk Accepting BTC for Tesla

By Dan Saada

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Bitcoin is now appearing to be very important for Tesla.

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Binance tweeted:  Elon Musk just announced that "You can now buy a Tesla with Bitcoin." The best part?

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This just looks like Tesla will HODL a lot of BTC so the price will be 'driven' up even more?

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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…

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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…

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Someone stated,91% of the world only have fraction of BTC anyway, but good news for cryptocurrency.

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A Bitcoin advocate stated, who would be stupid enough to trade an appreciating asset for a depreciating one?

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There is lot of overthinking happening like:  What if when Elon Mask bought BTC at 30-31000$ and now BTC 54-55.

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Some of them were wondering, “Why would you sell such an asset when tomorrow you can buy the world with it?”

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Elon really gets it, now other business owners will start learning. Many of them are delighted about Elon Musk’s decision.

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Meanwhile there were those who stated:  Very soon we see the same approach on Ethereum Binance Coin.

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He is so brilliant every piece of a depreciating asset he sell out in return for a scarce appreciating asset.

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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?

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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.

The Currency Analytics

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