Post
Topic
Board Speculation
Re: Is Elon Musk looking to buy more Bitcoin ?
by
aioc
on 23/02/2021, 23:33:47 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

Either way, their entry into Cryptocurrency will help in adoption and introducing it to the greater masses, Tesla is the second biggest company to get in Cryptocurrency and I see this snowballing, and we shall see many more small medium, and big companies getting in the Cryptocurrency and that will push the price up, and stabilize it, it's hard to ignore when big names are into Cryptocurrency.