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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

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