Elon Musk, Tesla and SpaceX CEO, has announced that Bitcoin will be accepted on the company’s website as form of payment for the vehicles offered and which will be enabled by green car auto maker.
The price of per bitcoin increased with the news of the Tesla CEO and the internet was set at buzz. Ahead of this week’s historic options expiration, a rejection at resistance shook up the market for a brief stint.
In ten years’ time, people will be shocked that someone was foolish enough to have spent all their bitcoin on Tesla as pointed out by Max Keiser.
The comment isn’t meant as an insult to anyone taking the plunge and buying a Tesla with their coins, but is a reality that hindsight might end up making the purchase a regrettable one. Returning a Tesla is also a catch-22 for those paying in BTC.