Elon Musk announced on Twitter today that they will be accepting Bitcoin as payment for Tesla. This is major news for everyone in the Crypto space & i think it opens the doors for other companies to start accepting crypto currency as payment. Elon Musk is always an early adopter & recently invested 1.5 Billion into Bitcoin. This caused the price of Bitcoin to soar by 20% and I wouldn't be surprised if this recent announcement does the same. I'm bullish on the crypto space and this is a massive move by our fearless leader Elon Musk.
My only question is on the volatility. What happens if the price of Bitcoin drops to 10k and you purchased a Tesla at 55k? There will be some growing pains at first but I do believe Bitcoin is the stable coin of the future. I'm also doing a 25,000 $OMI giveaway on 3/31. All you have to do is subscribe to my Youtube Channel - I'll be doing a live drawing on my social on 3/31. Best of luck everyone! (DISCLAIMER: NOT FINANCIAL ADVICE)
Twitter: @Jakegagain
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