The future is here!!! Bitcoin adoption is growing. Tesla CEO Elon Musk, One of the richest people in the world, announced today that you can pay in Bitcoin to buy Tesla. The “Technoking”, Elon Musk said that the firm is using bitcoin nodes directly and would hold the Bitcoin without converting it into fiat.
This shows how Bitcoin adoption is growing. People used Bitcoin before, but now tech giants are also helping in the adoption of bitcoin. Tesla first signaled its intention to start accepting Bitcoin for products in early February, following its purchase of $1.5 billion worth of the digital asset, an SEC filing showed. Elon Musk’s insistence that the Bitcoin earned through the sale of the firm’s vehicles won’t be converted to fiat. It suggests that it is not just a buying or selling tesla using currency, it’s an investment.
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By running its own dedicated Bitcoin nodes, Tesla will join a global network of peer-to-peer operators who host and synchronize the Bitcoin blockchain.
Musk also added that Tesla customers will be able to pay by Bitcoin outside the US later this year. Tesla warned users that users cannot purchase them using other digital assets like Bitcoin Cash or Bitcoin SV. As it can get irretrievably lost or destroyed. Their digital wallet’s configuration only detects or receives Bitcoin.