Tesla Starts Accepting Bitcoin Payments – and Will Not Convert to Fiat
As planned, US-based major electric car manufacturer Tesla has started accepting payments in the most popular cryptocurrency, bitcoin (BTC).
Tesla Accepts Bitcoin Payment w/ Michael Saylor
Tesla (TSLA) has begun accepting bitcoin as payment from car buyers in the continental US, and CEO Elon Musk said the company plans to expand the new payment option to other countries later this year. Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. Some analysts say we can expect less than 5% of transactions to be through bitcoin over the next 12 to 18 months however this could move higher over time as crypto acceptance starts to ramp over the coming years. On this episode we’re joined by Michael Saylor, one of Bitcoin’s biggest supporters and advocates, to discuss what this could mean for other big companies like Amazon, Apple, Microsoft, and Starbucks.
Guest: Michael Saylor – CEO of MicroStrategy (MSTR)
#Tesla #Bitcoin #Crypto
~Tesla Accepts Bitcoin Payment w/ Michael Saylor~
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Tesla Officially Accepting Bitcoin & Directly Operating Nodes
Tesla has officially announced it will accept Bitcoin for payments! This is huge news! They will also keep the payments in Bitcoin, and not convert to Bitcoin, expanding their Bitcoin position. Additionally, Elon says Tesla is operating it’s own Bitcoin nodes … is this a hint at more Bitcoin services in the future!? Let me know! Going live to scheme on this with y’all 🙂
Original Tesla Should Accept Bitcoin HyperChange Moonshot (3 months ago): https://youtu.be/-CVTZ1Ft6Ow
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Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 03/24/2021 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock.
Tesla plans to accept bitcoin as a form of payment: SEC filing
CNBC’s Phil LeBeau reports on Tesla’s embrace of bitcoin with a $1.5 billion investment. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Tesla announced Monday it has bought $1.5 billion worth of bitcoin.
In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.”
Tesla also said it will start accepting payments in bitcoin in exchange for its products “subject to applicable laws and initially on a limited basis.” That would make Tesla the first major automaker to do so. The $1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments.
Tesla’s move into bitcoin represents an investment of a significant percentage of its cash in the investment. The company had more than $19 billion in cash and cash equivalents on hand at the end of 2020, according to its most recent filing.
The moves raise questions around CEO Elon Musk’s recent behavior on Twitter, where he has been credited for increasing the prices of cryptocurrencies like bitcoin and dogecoin by posting positive messages that have encouraged more people to buy the digital currencies.
Two weeks ago, the billionaire Tesla owned added the hashtag #bitcoin to his Twitter bio, a move that helped to briefly push up the price of the cryptocurrency by as much as 20%. Two days later, he said on the social medial chat site Clubhouse: “I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin.”
Bitcoin prices surged to new highs Monday following Tesla’s announcement, reaching a price of at least $44,200. Tesla shares were up more than 2% Monday morning. In its SEC filing, Tesla warned investors of the volatility of bitcoin’s price.
Musk has gotten into trouble for his market moving tweets in the past, but it’s unclear how that applies to his tweets about cryptocurrencies. Most notably, the SEC charged Musk with fraud in 2018 for his tweets about taking the company private at $420 per share.
Musk ultimately settled with the SEC, and was forced to give up his role as chairman of the company’s board and pay a $20 million fine on top of another $20 million fine for the company itself.
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TESLA ACCEPTS BITCOIN AS PAYMENT AND WON’T CONVERT TO CASH.
ELON MUSK tweeted that Telsa WILL accept Bitcoin for all its products and WILL NOT convert Bitcoin to fiat cash. WHy this is HUGE. Jim Cramer gives up on gold and goes 5% BTC.
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15:50 – Why THETA Has EXPLODED lately
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