News

Tesla Starts Accepting Car Payments in Bitcoin!

It’s not exactly a secret that Elon Musk is quite a strong supporter of Cryptocurrency. I mean, the fact that he just spent (or invested, if you prefer) around $1.5BN in Bitcoin should be a fairly solid indicator of that. Despite its growing popularity, it should still be noted that it’s still not widely accepted as a common currency. Well, at least not yet! – Following an official Twitter post by Elon Musk, however, it would appear that Tesla (at least in America) is embracing it even further by actually accepting it as payment for their cars!

Tesla is Accepting Bitcoin

While this is currently an option only available to consumers from within America, in a follow up post Elon Musk did confirm that Tesla planned to extend their payment optional globally before the end of the year. So, in a nutshell, something like a Tesla Model S can currently be purchased, in Bitcoin, for around 1.3BTC.

The biggest question though, is why are they doing this and, more so, if it’s a smart or stupid decision!

https://twitter.com/elonmusk/status/1374619379929772034?ref_src=twsrc%5Etfw

Great Success or Huge Backfire!

With the price of Bitcoin currently sitting at around $55,000-$60,000, one major question regarding it is whether this is the true value of the Cryptocurrency or whether it has the potential to rise even more. For example, if this did happen, then the coins Tesla accepts today could be worth twice as much in just a few months. There is, however, always the potential that the value could suddenly drop (or even nosedive) and, in which case, the consumer is the clear winner.

Overall though, I think this is probably an amazingly smart long-term decision by Tesla and, who knows, if the value keeps going up (which many expect it to do) then they’re hardly going to lose out here are they?…

What do you think? – Let us know in the comments!

Mike Sanders

Disqus Comments Loading...

Recent Posts

The Second Most Played Game On Steam Is Just a Banana

Banana is a game on Steam where you simply click on a picture of a…

24 hours ago

Wells Fargo Terminates Employees Over Fake Work Allegations

Wells Fargo & Co has fired more than a dozen employees for allegedly faking work.…

1 day ago

Pro Gamersware @ Computex 2024

Computex 2024: It's fair that some of you may not know who Pro GamersWare (PGW),…

1 day ago

KVIDIO Bluetooth Over Ear Headphones

HIGH FIDELITY STEREO HEADPHONES: KVIDIO upgraded bluetooth headphones with dual 40mm drivers and noise isolation…

2 days ago

KOORUI 27 Inch Gaming Monitor

【 27‘’ FHD Computer Monitor 】 KOORUI 27 inch Full HD ( 1920x1080 ) 16:9…

2 days ago

ADMI | Gaming PC

PROCESSOR: AMD Ryzen 5500 4.2Ghz Turbo Six Core CPU - Awesome Performance for power-hungry applications…

2 days ago