#

Market Cap
24h Vol
5693
Cryptocurrencies
57.30%
Bitcoin Share

Tesla crypto move called seminal moment for Bitcoin

Tesla crypto move called seminal moment for Bitcoin


Seeking Alpha
2021-03-24 13:58:42
Tesla crypto move called seminal moment for Bitcoin

Wedbush Securities says it is a seminal moment for Bitcoin (BTC-USD) that Tesla ([[TSLA]] -0.9%) will use internal/open source software to conduct the crypto transactions for electric vehicle purchases. Analyst Dan Ives anticipates Tesla customers outside the U.S. will be able to buy a Tesla with Bitcoin later this year. He expects less than 5% of TSLA transactions to be through Bitcoin over the next 12 to 18 months, however, he also says this percentage could move higher over time as crypto acceptance starts to ramp over the coming years. "In a nutshell, Tesla accepting bitcoin as a form of payment for its products/cars is a potential game changing move for the use of Bitcoin from a transactional perspective. While many on the Street have discussed the prospects of this move for Tesla since being announced last month along with its $1.5 billion purchase of Bitcoin (we expect more purchases

Most Read News

Related News


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.