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Tesla Accepts Bitcoin Payment Mode
Tesla, one of the well-known tech company specialized in manufacturing innovative cars, will now accept payments in bitcoin for purchases. The CEO of Tesla, Elon Musk put up a Tweet to announce the breaking after hinting in the last month.
The CEO also mentioned that Tesla will be using only internal & open source software and operates Bitcoin nodes directly. Initially, this facility would be available only for the residents of the US, which will be extended later.
Apart from this, the CEO also said that the bitcoin received through the sales would be retained as Bitcoin itself and not converted to fiat currency. Hence indicating a super bullish BTC bull rally very fast approaching from now.
Will Bitcoin Price Spike towards North?
Tesla is one of the biggest companies in the world and CEO Elon Musk is the richest and influential person. Months ago, the bitcoin price spikes heavily when Tesla’s balance sheet showcased Bitcoin investment. Adding to the substance, the price also rallies whenever the CEO mentions any crypto.
Therefore, adopting cryptos as the payment mode on such a huge platform may attract a huge bunch of newcomers to the crypto space. As the rounds of Tesla accepting Bitcoin was outspread in the space, BTC price gained immense bullish momentum and propelled upwards.
The fresh intense green candle signifies the buying pressure being piling, due to which the price gained a nearly 5% jump in just a couple of minutes.
Collectively, if you own 2 or more Bitcoins, then it very easy to purchase a Tesla car from now. The received Bitcoins will be held to build up their reserves which is the most bulliest indication for the upcoming bitcoin price rally.