Tesla now accepts bitcoin as payment method for its cars in the us, CEO Elon musk announced today on his twitter. The option to pay with the crypto currency is now available on the companies website below the traditional methods of payment. Elon also announced the option to pay with bitcoin will also be available to clients outside of the us "later in the year".
As well as confirming the availability of the new payment option, Elon Musk offered some details on how Tesla is handling the cryptocurrency. “Tesla is using only internal & open source software & operates Bitcoin nodes directly,” he said in a follow up tweet, “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.”
This is a bulish news since most bitcoin hatters have been saying Elon is invested in bitcoin for a quick gains and he will sell for fiat currency, but we have seen here, him publicly stating that he is not in any plans to sell the bitcoins he makes from his cars sells. Elon is a bitcoin hodler and he is officially among the maxis in the space that believe bitcoin will take over the fiat monetary system and have no plans of cashing out to fiat.
Tesla announced its intention to start accepting bitcoin as payment a little over a month ago in its annual 10-K report, when it said it would be adding the option in the “near future.” In the same filing, the company said it had also invested a total of $1.5 billion in the cryptocurrency. The news sent the price of bitcoin up to over $43,000, an all-time high at the time. As of this writing, 1 bitcoin is now worth a little over $56,572.
After Elon announcement today the price of bitcoin spiked 6% after it has been getting sell pressure the last few days from its all time high of $61844 and hit a low of $53000 earlier in the day.
