June 14, 2021

Elon Musk announced the start of the sale of Tesla cars for bitcoins

The option is currently only available to the company's American customers. After Musk's announcement, the cryptocurrency course began to grow and again exceeded $ 55 thousand.

On Wednesday, March 24, automaker Tesla added Bitcoin payment for its products. The head of the company, Elon Musk, announced this on his Twitter account.

“You can now buy Tesla with Bitcoin,” Musk wrote.

While this payment method is only available to US customers, it will be introduced in other countries later this year.

“Tesla will not convert bitcoins received as payment into fiat currency,” Musk said.

Against the background of the company's announcement, the bitcoin rate began to rise sharply.

About the intention to add payment optionsCryptocurrency Tesla reported to the US Securities and Exchange Commission (SEC) in early February. The company announced this when it disclosed its $ 1.5 billion investment in bitcoin. The American cryptocurrency exchange Coinbase helped the automaker buy the cryptocurrency.

Musk said Tesla's actions do not reflectdirectly from his opinion, as he considers bitcoin "just a less stupid form of liquidity than savings in cash." The head of the company admitted that investing in a $ 1.5 billion cryptocurrency is recklessness for a company from the S&P 500.