{"id":566191,"date":"2021-03-24T11:00:06","date_gmt":"2021-03-24T08:00:06","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566191"},"modified":"2021-03-24T11:00:06","modified_gmt":"2021-03-24T08:00:06","slug":"bitcoin-paid-to-tesla-for-vehicles-will-be-retained-as-btc-elon-musk","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-paid-to-tesla-for-vehicles-will-be-retained-as-btc-elon-musk\/","title":{"rendered":"Bitcoin Paid to Tesla for Vehicles Will Be Retained as BTC &#8211; Elon Musk"},"content":{"rendered":"<p><strong>Summary:<\/strong><\/p>\n<ul>\n<li><strong>Bitcoin is now a payment option when buying a Tesla<\/strong><\/li>\n<li><strong>Elon Musk has also clarified that the Bitcoin paid to Tesla will be retained as BTC and not converted to fiat<\/strong><\/li>\n<li><strong>Tesla accepting Bitcoin is a giant leap forward for BTC and digital asset adoption<\/strong><\/li>\n<li><strong>Bitcoin is once again above $55k and the Tesla news could provide some stability this week<\/strong><\/li>\n<\/ul>\n<p>The CEO of Tesla, <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-closed-its-largest-daily-candle-thanks-to-elon-and-tesla\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Elon Musk<\/a>, has announced that the company now accepts Bitcoin as a payment option. According to Mr. Musk, the Bitcoin paid to Tesla will be retained as Bitcoin and not converted into fiat currency. Elon Musk made the announcement via <a href=\"https:\/\/en.ethereumworldnews.com\/jack-dorsey-to-end-ethereum-nft-auction-of-his-1st-tweet-on-march-21st\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Twitter<\/a> as can be seen below.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tesla is using only internal &amp; open source software &amp; operates Bitcoin nodes directly.<\/p>\n<p>Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.<\/p>\n<p>&mdash; Elon Musk, the 2nd (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1374619379929772034?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">March 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Tesla Accepting Bitcoin is a Giant Leap for Crypto Adoption<\/h2>\n<p>Tesla accepting Bitcoin for its electric vehicles comes as no surprise to many since the company recently bought $1.5 Billion in BTC. Furthermore, Elon Musk has <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-btc-is-my-safe-word-just-kidding-elon-musk\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">tweeted about Bitcoin<\/a> and <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-declares-he-is-getting-a-shiba-inu-doge\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Dogecoin<\/a> numerous times which is proof that the CEO of Tesla is serious about digital assets.<\/p>\n<p>News of Tesla accepting Bitcoin is also monumental in the sense that BTC and digital assets, in general, have a new use-case that opens the doors to other companies <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-tesla-have-opened-the-doors-for-more-ceos-to-buy-bitcoin\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">following in the footsteps<\/a> of the electric vehicle company.<\/p>\n<h2>Bitcoin Climbs Back Above $55k<\/h2>\n<p>With respect to price, news of Tesla now accepting Bitcoin has led to BTC bouncing back above the crucial $55k support zone. Prior to the announcement, Bitcoin was struggling to maintain the $54k price level after dipping to $53,600 overnight.<\/p>\n<p>At the time of writing, Bitcoin is trading at $55,400 and could very well climb to as high as $57k once the Western hemisphere wakes up to the Tesla news.<\/p>\n<p>As the week progresses and the month of March comes to a close, Bitcoin maintaining a value above $55k will be crucial in maintaining its bullish momentum and sustaining a market cap above $1 Trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Bitcoin is now a payment option when buying a Tesla Elon Musk has also clarified that the Bitcoin paid to Tesla will be retained as BTC and not converted to fiat Tesla accepting Bitcoin is a giant leap forward for BTC and digital asset adoption Bitcoin is once again above $55k and the Tesla news could provide some stability this week The CEO of Tesla, Elon Musk, has announced that the company now accepts Bitcoin as a payment option. [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":566192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[6962,1233,7937,108235],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566191"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566191"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/566192"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}