Tesla invests hundreds of millions in bitcoins and could accept payments on bitcoin cryptocurrency



A thousand and five hundred million dollars is what Tesla has spent to buy Bitcoins, which has led to another new upward push in the valuation of bitcoins. It's something you could see coming because Elon Musk already put the word "Bitcoin" on his Twitter bio a few days ago, so those who knew how to listen bought on time.

The data is known because the reports are public, as well as the presentation of the Securities and Exchange Commission, but the news does not end here, as Tesla plans to accept the cryptocurrency as payment for its cars at some point in the future.

Bitcoin now exceeds 36,000 euros and continues to rise as a result of the operation of one of the world's largest technology manufacturers.

Inline XBRL Viewer (sec.gov)


At the moment there is regulatory uncertainty around all this, since accepting bitcoins to buy cars is not something that can be done without discovering how to process payments, store digital currencies and set the price of your vehicles taking into account the extreme volatility of internet money. What Tesla has said is that it hopes to start accepting bitcoins as a form of payment for its products shortly, subject to applicable laws and initially on a limited basis, so you have to take the claim with tweezers.

Tesla, and Musk, in particular, is no stranger to blockchains and cryptocurrencies. We saw a few days ago how it joked with the Dogecoin, causing movement in its value, and it is already known that Tesla has used blockchain-based technology to track elements of its supply chain, so the move to Bitcoin was a matter of time.

Inline XBRL Viewer (sec.gov)

Post a Comment

0 Comments