📰 Tesla buys $1.5 billion in bitcoin, plans to accept it as payment

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Reaction to Tesla’s BTC investment will be all over the place…



Now we can go and buy a Tesla with our BTC! :money_mouth_face:

Thinking more on this…it’s a clever move for Tesla… Buuut… The trick here is that you would no longer have BTC.

20% depreciation as soon as you drive away, paid for with BTC that seems to just keep increasing in value.

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That’s very true. This luxury of buying Teslas with BTC I would say is for Humpback Whales image (5000 BTC or more) that owns a lot of bitcoins. Few bitcoins of todays prices “might” not be much for them and perhaps they might be earning interest on their BTC holdings as well.

Take a look at these articles below. They they talk about people who bought cars when the price of Bitcoin was much lower than todays prices.



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