Buy Tesla with Bitcoin says Elon Musk

Tesla CEO, Elon Musk has told his customers that now they can purchase their cars via Bitcoin.

Share

On his Twitter, Elon Musk uncovers this through his Twitter handle. Previously, Tesla had made a purchase of $1.5B worth of BTC.

Mr. CEO announced that they only accept payments in Bitcoin for US residents which will be extended to customers in other countries this year. Here are his tweets:

h.png g.png

Mr. Musk also said that:

"You can now buy a Tesla with Bitcoin. Tesla is using only internal & open source software & operates Bitcoin nodes directly.” He went on by saying in another tweet that “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”

This kind of support from a giant company and a highly influential person like Elon Musk is somehow changing the use case of cryptocurrency which has already been influential on its price. For instance, when you buy an actual can with Bitcoin, it helps trust cryptocurrencies even more and promotes them. In this regard, Michael Saylor who is the CEO of Microstrategy believes that Tesla is de-risking purchasing of Bitcoin:

“Tesla $TSLA has de-risked the acquisition of #bitcoin by public companies and accelerated the digital transformation of corporate balance sheets. Treasurers are now thinking about how to convert a non-performing asset into the best performing asset,”

Categories

Cryptocurrency(5)

Latest News

Shiba Inu wallet waitlist hits 1.6 and Robinood COO hails this

1.6 million people are in a queue for Robinhood's crypto wallet as pressure rises on this company to list one of the market's most popular memecoins. ...

NOV 10, 2021

BlockFi files for a Bitcoin ETF with physical backing

The Securities and Exchange Commission's decision on VanEck's proposal for a spot Bitcoin ETF is set to be made on November 14th. ...

NOV 08, 2021

Brazilian federal deputy proposes cryptocurrency as a payment option for workers

Goulart's plan calls for the passage of a new legislation that would provide all Brazilian employees the option to receive their payment in cryptocurrency from ...

NOV 07, 2021

Enjin tends to spend a new $100M to decentralize its metaverse

The fund will be dedicated to building the Efinity blockchain, focusing on seed equity investments. ...

NOV 04, 2021

Tags

Elon Musk

Tesla

Bitcoin

Tags

Elon Musk

Tesla

Bitcoin