Post
Topic
Board Bitcoin Discussion
Re: Is Elon Musk looking to buy more Bitcoin ?
by
Beparanf
on 22/02/2021, 16:48:56 UTC
I'm not sure if he will be buying more but he will start accepting bitcoin payments for his electric cars. So, it looks like he is more interested in blockchain technology than the coin market.

https://www.theverge.com/2021/2/8/22272103/tesla-bitcoin-investment-1-5-billion-cryptocurrency-payments

This is what I'm thinking. Elon is very smart and sure that he already acquired sufficient BTC for his position before he fully hype the market. Accepting Bitcoin as payment for his business is more reasonable method for him to acquire more rather than buying more through OTC so that it might boost the crypto market by showing adoption of Bitcoin on his business.