Tesla will accept Bitcoin as payment

English Mar 24, 2021

Elon Musk's take on Bitcoin does not seem to have changed since Tesla invested 1.5 billion, as the CEO now said the company will now accept Bitcoin as a form of payment for its cars.

Although this news in itself was already extremely welcome for those who invest in Bitcoin, since it increases the possibilities of use, and consequently expands the adoption of the currency, the CEO also announced that the company will keep the money it receives in Bitcoin like Bitcoin.

A few minutes after the announcement, Bitcoin's price soared. It was being traded sideways for around $ 54,000, but started to rise aggressively to $ 56,000.

Elon Musk is one of the most successful technology entrepreneurs, and although his disruptive companies produce state-of-the-art electric cars and revolutionize the aerospace industry with innovative rockets, his experience does not end there. Elon Musk was one of the founders of Pay Pal and has a deep understanding of how this market works as well. Seen as a visionary, the fact that he embraces Bitcoin brings a good feeling to investors.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.