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Bitcoin can now be used to buy Tesla electric vehicles.
On the 24th (local time), Elon Musk, CEO of Tesla, announced on Twitter that “from now on, Tesla will receive payments in bitcoins.”
In fact, as of this day, Tesla shows Bitcoin options alongside credit cards as payment methods for Model S, Model 3, Model X, and Model Y.
Currently, the price of 1 bitcoin is $ 53,000 based on the global market average price. Therefore, the Model 3, which costs less than $ 40,000, can be bought with one bitcoin. The most expensive Model X in the Tesla line costs around $ 120,000, which can be bought with just over two bitcoins.
Musk also posted on Twitter that bitcoins received from Tesla sales will not be exchanged for fiat currency.
Additionally, Bitcoin payments are currently only available in the US, but other countries will also offer Bitcoin payment options later this year.
Since Tesla adopted bitcoin payments, the price of bitcoin has risen 5% at a time to $ 56,000. However, it has declined dramatically since then and is currently trading at the $ 52,000-53,000 level.
Tesla’s support for bitcoin payments has been announced. In January, Tesla informed the US Securities and Exchange Commission (SEC) that it had invested $ 1.5 billion in Bitcoin and said in the report that it “plans to adopt Bitcoin as a payment method for our products in the near future. “. It’s a bar. This report was released in early February and it was good news for the price of Bitcoin at that time to increase by 13%.
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It is discussed that Tesla’s support for bitcoin payments may play a decisive role in spreading bitcoin use cases in the future.
Dan Ives, an analyst at Ward Bush Securities, said Tesla’s decision “will be an important moment for both Tesla and the cryptocurrency baptism.” He added: “In the next 12 to 18 months, Tesla’s purchase payments with bitcoin are expected to be less than 5% of the total, but we expect it to increase over time.”
