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Elon Musk Tweets: Tesla Now Accepts Bitcoin as Payment

Elon Musk Tweets Tesla Now Accepts Bitcoin as Payment
  • Elon Musk tweeted that Tesla is now accepting Bitcoin as a mode of payment
  • Moreover, all Bitcoin paid to Tesla will be retained as Bitcoin and will not be converted to fiat currency.
  • Bitcoin price currency stands at $55,631.08.

Elon Musk, a Bitcoin enthusiast and the CEO of Tesla, has announced that the company is now accepting Bitcoin. To be specific, all interested buyers of Tesla now have the option to pay for their purchase using Bitcoin cryptocurrency.

Elon also added that Tesla is using only internal and open source software as it operates Bitcoin nodes directly. Hence all Bitcoin paid to Tesla will be retained as Bitcoin and will not be converted to fiat currency.

Recently, Bitcoin traded a high price of $55,315 with a growth rate of +3.3% in the past 24-hour. For this reason, buyers can take advantage of the price swing of the crypto prior to buying Tesla automobiles.

Moreover, Elon Musk is one of the most famous people in the world who supports crypto. In the past month, Tesla bought $1.5 billion worth of Bitcoin. As a result, the price of Bitcoin at the time of purchase spiked, which impacted the crypto world. 

More so, the crypto space continues to break its limits this 2021. Despite the pandemic, the crypto keeps soaring against the bleeding economy of the local markets. For this reason, it is suffice to say that Bitcoin and other crypto are truly the future of the financial world.

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A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.