Tesla announces Bitcoin purchases and future payment method
Somewhat surprise, or maybe not, Tesla announced that it had invested in Bitcoin and in January alone it added 1.5 billion dollars to the company's balance sheet and confirmed that Bitcoin will soon be added as a payment method for the purchase of farm products! The announcement did not go unnoticed in the markets and the price of Bitcoin exploded from just under $ 40,000 to over $ 44,000 in minutes.
An announcement that was perhaps in the air, interpreting the tweets of the last few weeks of CEO Elon Musk who had also added the word Bitcoin in his social profile and leaving free interpretation to what the dimensions of his interest in cryptocurrency could be. It is clear that the acceptance of Bitcoin as a payment method represents an important step for the entire world economy. Tesla is the company with the largest capitalization worldwide and is also a reference point for all companies in the sector and beyond.
An important step that will, in my opinion, force many other companies to adapt to this payment method and this can only be an excellent fuel for the entire cryptocurrency sector. It is desirable that in addition to Bitcoin, other cryptocurrencies will be implemented for payment in the future, Ethereum could be the next in order of importance and capitalization.
Could we buy a Tesla electric car in Bitcoin in the near future? Yes, there is not yet a certain date but it is desirable that by the end of the year something will be unlocked but we will have the opportunity to be informed by the Tesla CEO himself. This announcement is likely to push the price of Bitcoin to new All Time Highs and the viewfinder is currently the $ 50,000 threshold. Will he succeed by the end of this week? We'll see!
When will I be able to buy a Tesla with LEO?
Unfortunately I don't own Bitcoin, which is why the announcement, although it is fundamental for the market, is not for me: p. However, the acceleration that this news can give to all cryptocurrencies is significant: it is enough to look at the CoinMarketCap ranking at the moment and green is absolutely dominant! My goal at this point is to purchase a Tesla electric car with LEO! At the moment I'm a mile away but if its value in the next few years reaches that of Ethereum, then I could buy more than one car!
LEO's price is around $ 0.60 and the $ 1 goal will in my judgment be reached with the release of Project Blank, most likely by the end of this month and the advent of the LeoFi App makes me really optimistic and think even in figures like $ 5 by the end of the year? Do I say heresies? DeFi attracts large amounts of funding and the demand for LEO will be high and considering the scarcity of LEO liquidity it is easy to think of this price. Enthusiastic about the journey made so far, the beauty has yet to be discovered. There is so much meat on the fire and if you don't smell the scent, then you are not a real connoisseur!
Forecast: By the end of 2025, Tesla announces LEO as a payment method for its products!
Posted Using LeoFinance Beta
